On December 21, 2017, natural gas futures’ implied volatility was 42.4%. In the last trading session, their implied volatility was on par with the 15-day average.
Supply-glut concerns pushed natural gas (UNG) (BOIL) futures to a 17-year low on March 3, 2016, with an implied volatility of 53.8%. From this multiyear low, natural gas prices rose 58.5%, while their implied volatility fell 21.2%.
Natural gas prices next week
Assuming that natural gas prices are normally distributed, and using their latest implied volatility of 42.4%, natural gas active futures could close between $2.44 and $2.74 per MMBtu (million British thermal units) between December 22 and December 28, 2017. For this price range, the probability is 68%, with a standard deviation of one.
On December 21, 2017, natural gas (GASL) (GASX) February futures closed at $2.60 per MMBtu—1.5% above their 2017 lowest closing price. If natural gas reaches a new 2017 low, then the United States Natural Gas ETF (UNG), the ProShares Ultra Bloomberg Natural Gas ETF (BOIL), and the First Trust ISE-Revere Natural Gas ETF (FCG) could also incur further losses. These ETFs invest in natural gas. Visit our Energy and Power page for energy updates.
The health care sector played an important role in the recent bull market (SPX-INDEX) rally.
On December 21, 2017, natural gas futures’ implied volatility was 42.4%. In the last trading session, their implied volatility was on par with the 15-day average. Supply-glut concerns pushed natural gas (UNG) (BOIL) futures to a 17-year low on March 3, 2016, with an implied volatility of 53.8%. From this multiyear low, natural gas prices rose 58.5%, […]
Broadcom (AVGO) stock fell ~8.5% after markets closed yesterday following the semiconductor giant's fiscal 2019 second-quarter earnings release. It missed analysts' revenue estimate and cut its fiscal 2019 revenue guidance by $2 billion to $22.5 billion due to sluggishness in its semiconductor solutions business.
The SPDR Gold Shares ETF (GLD), which tracks physical gold prices, has underperformed the broader markets year-to-date, rising just 4.4% compared to the S&P 500’s (SPY) gain of 15.9% as of June 14. The sentiment for gold, however, has been turning around.
Safe havens such as Treasuries and gold were back in favor on June 14 as stocks fell due to rising tensions in the Middle East, concerns over growth, and the looming threat of the US-China trade war. The tech-heavy Nasdaq Composite Index fell 0.67% in the first hour of trading.
Lululemon (LULU) stock rose 2.1% on June 13 in reaction to better-than-expected first-quarter results and an upgraded outlook for fiscal 2019 overall. The company's first-quarter adjusted EPS grew 34.5% to $0.74 on revenue growth of 20.4% to $782.32 million. Analysts had expected EPS of $0.70 and revenue of $755.31 million. Here's why the outlook got an upgrade.
As of 4:40 AM Eastern Time today, US crude oil active futures were at $51.83, ~4% below their closing level in the previous week. If US crude oil prices stay at those levels today, they'll mark their third week of decline in five weeks.
Amazon is discontinuing its Amazon Restaurants service, which has been delivering food for restaurants in parts of the United States. Amazon Restaurants launched in the United States in 2015 and entered the British market the following year. However, it met strong opposition in the British market.