It is currently 0.65% for November and October, and a whopping 7.2% from December to October. This implies prospects of prices rising, however, the contango is very bad (high) for UNG for December. Not good.
Showing posts with label natural gas. Show all posts
Showing posts with label natural gas. Show all posts
Tuesday, September 27, 2011
Bad for UNG: huge natural gas contango to december
This is the current situation with natural gas contango:
It is currently 0.65% for November and October, and a whopping 7.2% from December to October. This implies prospects of prices rising, however, the contango is very bad (high) for UNG for December. Not good.
It is currently 0.65% for November and October, and a whopping 7.2% from December to October. This implies prospects of prices rising, however, the contango is very bad (high) for UNG for December. Not good.
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