Tag: Chevron

UNG Could Resume Its Downward Trend

United States Natural Gas (UNG) started off the year with a modest gain of 1.5% (up to date). The larger than expected extraction from storage may have provided some back-wind for the recent gain in natural gas. But it’s too…

UNG Remains Around $15—Will It Recover?

The price of United States Natural Gas (UNG) ended the year with another tumble as it dipped below $15 at one point. Currently, the price is around $15 – the lowest level UNG reached in the past couple of years.…

Normal Winter Conditions Could Pull Back UNG

The natural gas market experienced a high level of volatility that resulted in big swings for United States Natural Gas (UNG) in the past few days. The weakness in the oil market is weighing in on the natural gas, but…

The Seesaw Motion in UNG Continues

United States Natural Gas (UNG) changed direction and tumbled down by 7% in the past week. This comes after the natural gas ETF spiked by 13% a week earlier. Will this seesaw movement continue for UNG? Let’s start with the…

Cold Weather Projections Drive UNG Higher

United States Natural Gas (UNG) rose by 13% since the beginning of the month as the expectations for a rise in demand in natural gas for heating are growing. What is next for UNG? The chart below shows the progress…

Will the Recent Fall of UNG Continue?

The natural gas ETF United States Natural Gas (UNG) resumed its downward trend and shed 2.3% off its value during last week. Is the recent descent in UNG reach a halt anytime soon? How is the weather impacting the direction…