Ouch.
Thursdays is in general due to storage. Here are today's figures:
Contango today is there too, but it's not so bad.:
Maybe now that the weather is colder things may change. Hope is the last to day for the dreadful UNG.
Thursday, December 29, 2011
Why UNG is Crashing
UNG is taking another tumble today. This story repeats itself over and over: contango and storage.
Ouch.
Thursdays is in general due to storage. Here are today's figures:
That red line sticking above the 5 year channel is just dreadful. There is too much of the stuff.
Contango today is there too, but it's not so bad.:
Maybe now that the weather is colder things may change. Hope is the last to day for the dreadful UNG.
Ouch.
Thursdays is in general due to storage. Here are today's figures:
Contango today is there too, but it's not so bad.:
Maybe now that the weather is colder things may change. Hope is the last to day for the dreadful UNG.
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