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United States Natural Gas Message Board

  • mpaulenoff mpaulenoff Apr 25, 2013 1:54 PM Flag

    Mike’s MPTrader Mid-Day Minute

    Mike has posted Mid-Day Minute on UNG MPTrader site: Bullish Inventory Data, but Natural Gas Trades Heavy - Since this morning's slightly-constructive inventory data were released, natural gas has circled unchanged after initially unsuccessfully spiking to the upside.

    That said, this warns me that the correction off of the April 18 high at 4.429 in nat gas futures still has unfinished business on the downside prior to the emergence of a new upleg in the larger-developing natural gas -- and U.S. Natural Gas Fund ETF (UNG) -- bull market.

    At this juncture, only a climb and close above 4.25 will force me to reevaluate my still "corrective posture."

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UNG
22.99-0.31(-1.33%)Jul 9 4:00 PMEDT

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