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United States Natural Gas Fund, LP Message Board

  • vincent90157 vincent90157 Jan 24, 2014 2:43 PM Flag

    When's The Last Time You Seen UNG Go Up Near $2 in One Day?

    I cannot remember the last time... I sold my last longs near $22 days ago never saw this coming even with the bitter cold weather usually this doesn't happen. Blew right through the 52 week high but I would be careful here there has to momentum guys in this now and soon as they see warmer temps coming that may be it.

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    • Not just the daily move but we are up what, $1.20 with gas in just over 1 week. That's a 30% move in non-leverage gas in 9 days. :D Sure, there have been bigger spikes if you go back far enough but the market was a lot different back when price spikes couldn't really influence supply much and the only option was to price out demand for the long term. A doubling of the price at that time wouldn't have increased supply much. There is little question that a doubling of price today would affect supply before year end.

    • Never in the 5 years I've been messing with it.

    • Summer of 2012. There was one day that UGAZ moved 40% up. Today is only 25% up! The market seems to be broken at this point. UGAZ can get near $40 before the dust settles.

 
UNG
12.54-0.30(-2.34%)Sep 4 4:00 PMEDT