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United States Natural Gas ETF Message Board

  • csco_brat csco_brat Oct 11, 2012 8:25 PM Flag

    Jan Nat Gas is already above $4.

    It will be a long winter of longs and shorts fighting it out. Up days and down days. A few spikes here and there. My guess is that we have come a little too far too fast. We are already at $4.0 for January. If you are buying UNG you are basically buying the forward curve. My thinking is that UNG is topped out forawhile. Jan nat gas isn't just gonig to keep going and going when it couldn't even hold $4 last year. Not with storage still above year ago. Not like we going to run out. But it is interesting market because the rig count needs to go up some and people might need to see $4.25. But of course they can already see $4.25 and higher on the forward curve right?? December 2013 says $4.36.

    Anyway, my point is that this might be as good as it gets forawhile. At least until we get a legit super cold snap.

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