United States Natural Gas Fund, LP

  • UNG

  • $14.19

  • -5.65%

  • $14.57

  • $14.60

  • $14.16

Ticker Appearances

Tue, November 19, 2024 | 1:28PM ET

⚡ FlashInsights

Tue, November 19, 2024 | 1:28PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
An important breakout move today by the Generic Natural Gas contract, seen here as NG -4.74% 1 from Bloomberg- Note, the front month does not look as structurally bullish but should also have a possible rally up to $3.50 from $3, not insignificant, technically speaking. UNG -5.65%  which is the popular ETF gauge for Natural Gas is notoriously tricky to invest in given the futures roll, and when this contract is rolled, this ETF faces an inordinate amount of selling pressure given the Contango in the futures contract. I do see UNG likely getting to 14.90 and above could lead to a breakout in UNG up to October peaks. However, the entire Natural Gas trade is notoriously volatile and not recommended for most investors who don't have an aggressive risk tolerance. Based on today, i do see Natural Gas moving higher in the next month
Tickers
Fri, October 18, 2024 | 11:40AM ET

⚡ FlashInsights

Fri, October 18, 2024 | 11:40AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Natural gas has had a sharp correction over the last few weeks after Henry Hub "Natty" got to resistance right near $3.00. Price is now nearing what appears to be a very important technical area which will intersect near 1.97 and lines up with 12.58 in UNG -5.65% . I expect this area likely holds in the short run, but breaks of this level would be a concern for weakness throughout the balance of 2024 into 2025. Thus, support lines up as a good risk/reward given that investors know their risk levels which are right close to where price has pulled back to.
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Live Technical Stock Analysis
Thu, October 3, 2024 | 4:00PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

LIVE Technical Stock Analysis October 2024

Mark will be conducting a live Webinar session for the most popular stocks requested by our subscribers. Mark will give his quick take (45 sec-1-minute...

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Daily Technical Strategy
Thu, September 5, 2024 | 7:05PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Gold likely pushes back to new highs

THE POST-HOLIDAY SELLING IN US EQUITIES DURING THIS SHORTENED WEEK SEEMS TO BE SHAKING THE CONFIDENCE OF MANY INVESTORS DESPITE THE LACK OF ANY MATERIAL...

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