This is usually a bullish sign (but not always).
Current front months contango is 0.07%, much lower than the recents 1.5% to 2.0% range.
We will post options this morning before the inventories released. stay tuned.
Thursday, July 7, 2011
Natural Gas Contango Declines to 0.07%, Bullish for UNG
Natural gas contango has declined:
This is usually a bullish sign (but not always).
Current front months contango is 0.07%, much lower than the recents 1.5% to 2.0% range.
We will post options this morning before the inventories released. stay tuned.
This is usually a bullish sign (but not always).
Current front months contango is 0.07%, much lower than the recents 1.5% to 2.0% range.
We will post options this morning before the inventories released. stay tuned.
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