Note how the storage touched the top of the 5-year channel, actually were just above it. Just in time!
UNG:
Natural gas prices, however, are still in contango. Therefore, these spikes are usually only temporary. Rinse and repeat.
Thursday, December 1, 2011
Why natural gas and UNG spiked higher today, and what to expect
Storage inventories were released this morning showing the first decline of the season - finally, and barely.
Note how the storage touched the top of the 5-year channel, actually were just above it. Just in time!
UNG:
Natural gas prices, however, are still in contango. Therefore, these spikes are usually only temporary. Rinse and repeat.
Note how the storage touched the top of the 5-year channel, actually were just above it. Just in time!
UNG:
Natural gas prices, however, are still in contango. Therefore, these spikes are usually only temporary. Rinse and repeat.
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