ProShares Ultra Bloomberg Natural Gas
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US Natural Gas Inventories Are Higher than Their 5-Year Average
The EIA reported that US natural gas inventories fell by 68 Bcf (billion cubic feet) to 2,295 Bcf between February 24, 2017, and March 3, 2017.
Futures Spread: Bearish Sentiments Rise for Natural Gas
On January 23, the natural gas futures for March 2019 closed at a discount of ~$0.01 to the March 2020 futures.
Will Natural Gas Hit $3.2 Next Week?
On July 20, 2017, natural gas active futures’ implied volatility was 32.3%, which was 3% below their 15-day moving average.
Natural Gas Futures Spread Is Showing Interesting Divergence
On January 8, the natural gas futures for February 2019 closed at a discount of ~$0.07 to the February 2020 futures.
Analyzing Natural Gas ETFs Last Week
On December 21–28, the United States Natural Gas ETF (UNG) fell 9.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 17.5%.
How Much Natural Gas Could Fall Next Week
On November 16, 2017, the implied volatility of natural gas was 44%—6.4% above its 15-day average.
Is Southwestern Energy Following Natural Gas Price Movements?
As we saw in the previous part of this series, Southwestern Energy’s (SWN) stock price decreased strongly by ~6.0% for the week ended January 19. Natural gas (UGAZ)(DGAZ)(UNG) prices fell marginally by ~0.5%.
Important Price Points for Natural Gas Traders Next Week
On May 17, natural gas’s implied volatility was 20.6%, 0.5% higher than its 15-day moving average.
US Natural Gas Rig Count Hit December 2015 High
Baker Hughes (BHI) will release its weekly US natural gas rig count report on April 21, 2017. The rig count fell by three to 162 rigs on April 7–14, 2017.
Will Natural Gas Prices Fall to $2.8 Next Week?
On November 2, 2017, natural gas’s (GASL) (GASX) implied volatility was 38.2%, 1.8% below its 15-day average.
Comparing Natural Gas ETFs’ Performances to Natural Gas Prices
Between January 18 and January 25, the United States Natural Gas ETF fell 3.6%, while the ProShares Ultra Bloomberg Natural Gas ETF fell 8.1%.
Natural Gas near $3: Which Gas-Weighted Stocks to Ride?
On March 6, 2017, natural gas futures contracts for April 2017 delivery closed at $2.9 per MMBtu, which is ~2.6% above the previous closing price.
Where Natural Gas Prices Might Head Next Week
Natural gas futures are expected to close between $3.24 and $3.85 per MMBtu 68.0% of the time until January 4.
Natural Gas: Are Winter Demand Fears Rising?
On January 2, 2018, natural gas (UNG) (BOIL) (FCG) February 2018 futures settled $0.025 less than February 2019 futures.
How Natural Gas ETFs Fared Last Week
Between October 27 and November 3, 2017, the United States Natural Gas Fund LP (UNG) rose just 0.2%, and natural gas December futures rose 0.7%.
What Could Matter to Natural Gas Investors Now?
From March 2, 2017, to March 9, 2017, the United States Natural Gas ETF (UNG) rose 5.7%. Natural gas futures rose 6.1% during the same period.
Behind the Natural Gas Rig Count: Will Production Rise?
The natural gas rig count rose by four to 187 in the week ended September 8, 2017. On a YoY basis, the natural gas rig count more than doubled that week.
Will NYMEX Natural Gas Cross $2.8 Next Week?
On July 26, 2018, natural gas’s implied volatility was 19.5%, ~2.5% below its 15-day moving average.
Futures Spread and the Natural Gas Market
On April 24, natural gas June 2018 futures closed at a premium of ~$0.2 to June 2019 futures. The difference is called the “futures spread.”
Are Supply Concerns Rising for Natural Gas?
On April 3, 2018, natural gas May 2018 futures closed at a premium of $0.04 to May 2019 futures.
Rebound in Natural Gas Didn’t Help Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 13, 2017, natural gas rose 85.4% on a closing price basis.
Where Natural Gas Prices Could Go Next Week
On September 21, 2017, natural gas implied volatility was 35.1%, or 5.1% above the 15-day average.
Southwestern Energy Has a Higher Correlation with Natural Gas
For the week ending March 16, Southwestern Energy stock had a high correlation of ~79% with natural gas (UGAZ).
How Could Hillary Clinton Impact the US Energy Market?
Hillary Clinton’s energy proposal implementation might slow down US crude oil production activity. It would be bullish for US crude oil prices.
Will Oil Rigs Undo the Gains in Natural Gas?
On March 24, the natural gas rig count was 155—a fall of two rigs over the previous week. Active natural gas rigs have risen by 63 in the past year.
Weather Forecast Could Push Natural Gas to Its 2018 High
On November 8, natural gas’s implied volatility was 47.4%, which was ~10.7% above its 15-day moving average.
Will Natural Gas Hold on to the $3 Level Next Week?
On August 31, 2017, natural gas (UNG) (BOIL) active futures’ implied volatility was 32%, which was 4.9% above its 15-day moving average.
Natural Gas: Is the Market Expecting Oversupply?
On December 12, natural gas (UNG) (BOIL) January 2018 futures settled $0.33 lower than January 2019 futures. The “futures spread” was at a discount.
How Natural Gas Follows Crude Oil Prices
From May to July 2017, the 30-day rolling correlation between natural gas and US crude oil was positive and frequently exceeded 30%.
Did Natural Gas ETFs Rise More than Natural Gas?
In the last four trading sessions, natural gas May futures rose 3.8%. So, UNG and BOIL outperformed natural gas May futures during this period.
Analyzing Natural Gas ETFs’ Returns Last Week
On November 23–30, the United States Natural Gas ETF (UNG) rose 2.6%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 5%.
What Really Moved ConocoPhillips Stock Last Week?
For the week ending October 20, ConocoPhillips stock showed a negative correlation of -15% with crude oil (USO) (SCO).
US Natural Gas: Will It Maintain the $3 Mark?
On September 6, natural gas October futures rose 0.9% and settled at $3 per MMBtu. On August 30–September 6, 2017, natural gas October futures rose 2.1%.
US Natural Gas Futures: Key Moving Averages and EIA’s Forecast
As of May 11, 2017, June natural gas futures are above their 20-day, 50-day, 100-day, and 200-day moving averages.
Natural Gas Market: A Tight Supply Situation?
On February 27, 2018, natural gas futures contracts’ closing prices until August 2018 settled at progressively higher prices.
Energy Calendar for Crude Oil and Natural Gas Traders
Oil and gas producers’ earnings such as Swift Energy, ConocoPhillips, and Continental Resources will depend on crude oil and natural gas prices.
Natural Gas: Important Price Level This Week
On May 17, natural gas’s implied volatility was 22.8%, which is ~1.8% above its 15-day moving average.
Why $3 Looks Difficult for Natural Gas Prices This Week
Natural gas’s (UNG) (BOIL) (FCG) (GASL) implied volatility was 39.4% on March 3, 2017, 0.3% below its 15-day average.
Analyzing the Futures Spread and Natural Gas Prices
On December 24, the natural gas futures for February 2019 closed at a premium of ~$0.35 to the February 2020 futures.
How Could Donald Trump Impact the US Energy Market?
Donald Trump supports increasing production of fossil fuels like coal, crude oil, and natural gas. It could support employment and benefit the economy.
Implied Volatility: Where Will Crude Oil and Natural Gas Be in One Week?
Crude oil’s implied volatility was 28.6% on January 20, 2017. Its 15-day average implied volatility is now 29.2%.
Could Natural Gas Reach a New 2017 Low Next Week?
Implied volatility 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 […]
Falling Short Interest in Marathon Oil Stock: What Does It Mean?
As of October 31, 2017, Marathon Oil’s (MRO) total shares shorted (or short interest) was ~35.4 million, whereas its average daily volume was ~11.8 million.
Why Are Natural Gas Prices Falling?
On June 19, natural gas July futures fell 1.7% and settled at $2.9 per MMBtu. Southwestern Energy, Cabot Oil & Gas, and Chesapeake Energy rose.
Analyzing Key Energy Events This Week
If the EIA (U.S. Energy Information Administration) reports another fall in the US commercial crude oil inventory, it could push oil prices higher.
Can Natural Gas Stay above $3 Next Week?
On November 30, 2017, natural gas’s implied volatility was 44.3%, about 1% above its 15-day average.
Where Natural Gas Prices Could End Up in the Next Week
On February 21, natural gas’s implied volatility was 22.2%, ~18.4% below its 15-day moving average.
Have Natural Gas ETFs Outperformed Natural Gas?
From March 3, 2016, to June 1, natural gas active futures rose 80.7% from their 17-year low.
Natural Gas Prices Are below Key Moving Averages
For the week ending February 10, US natural gas inventories are 11% lower than the same period in 2016. Falling inventories will support natural gas prices.
How Natural Gas ETFs Reacted to Natural Gas Decline Last Week
Last week, Gulfport Energy (GPOR) and Range Resources (RRC) fell 9.7% and 2%, respectively.
Where Natural Gas Prices Could Head This Week
Yesterday, natural gas’s implied volatility was 19.8%, ~6.6% below its 15-day moving average.
Is $3.10 Possible for Natural Gas This Week?
On August 10, 2017, the implied volatility for natural gas’s (UNG) (BOIL) active futures was 30.4%, which was 0.70% below its 15-day average.
Inside the Natural Gas Futures Spread: Where Are Prices Headed Now?
On May 3, 2017, natural gas June 2017 futures were trading at a premium of $0.33 to June 2018 futures contracts.
How UNG Looks Relative to Natural Gas Futures
UNG ended May 4, 2017, with a drop of ~0.50%, while natural gas futures fell 1.3%.
Bearish Weather Forecast Could Test Natural Gas Bulls Next Week
On October 25, natural gas’s implied volatility was 42.1%, which was ~8.2% above its 15-day moving average.
Southwestern Energy Followed Natural Gas to the Upside Last Week
Southwestern Energy’s (SWN) stock price rose ~4.9% for the week ending December 29. Even natural gas (UGAZ) (DGAZ) (UNG) prices moved to the upside.
UNG Is Outperforming Natural Gas Futures
From April 6 to April 13, 2017, the United States Natural Gas ETF (UNG), which aims to track active natural gas futures, fell 2%.
Hedge Funds’ Net Long Position in US Natural Gas Hit a New High
Hedge funds increased their net long position in US natural gas futures and options contracts by 27,776 contracts on May 9–16, 2017—the highest level ever.
US Natural Gas Consumption Fell: Is It Bearish for Prices?
PointLogic reported that US natural gas consumption fell 10% from March 16–22, 2017. Consumption fell 5.5% from the same period in 2016.
Futures Spread: Are Natural Gas’s Bullish Sentiments Rising?
On September 25, the natural gas futures for November closed at a premium of ~$0.35 to their November 2019 futures.
Weak Natural Gas, and What It Means for UNG Investors
From March 9, 2017, to March 16, 2017, the United States Natural Gas ETF (UNG) fell 2.2%. Natural gas futures fell 2.4% during the same period.
Natural Gas Futures Spread: Are the Bullish Sentiments Declining?
On December 11, the natural gas futures for January 2019 closed at a premium of ~$1.2 to the January 2020 futures.
Where Natural Gas Could End Next Week
Natural gas futures are expected to close between $2.74 and $2.90 per MMBtu (million British thermal units) 68.0% of the time until September 21.
Natural Gas Futures Market: Demand and Supply Expectations
On June 19, natural gas July futures closed at a premium of ~$0.24 to July 2019 futures. The difference is called the “futures spread.”
Are Oversupply Concerns Worrying Natural Gas Traders?
On July 17, natural gas August 2018 futures closed at a premium of ~$0.11 to August 2019 futures, compared with ~$0.12 on July 10.
Have Natural Gas ETFs Fallen More than Natural Gas?
Natural gas October futures fell 4.8% last week. BOIL underperformed natural gas futures and UNG during this period.
Analyzing the Natural Gas Futures Spread
On December 18, the natural gas futures for January 2019 closed at a premium of ~$0.7 to the January 2020 futures.
Why Are Gas-Weighted Stocks Losing Momentum?
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to February 6, 2017, natural gas rose 86% on a closing price basis.
Why August Could Be Dull for Natural Gas
On July 31, natural gas September futures fell 0.5% and settled at $2.782 per MMBtu (million British thermal units).
Natural Gas’s Whopping Upside: Gas ETFs React
On November 2–9, the United States Natural Gas ETF (UNG) rose 13%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 25%.
US Natural Gas Prices Are near 2-Month Highs
As of April 27, 2017, natural gas prices were 19.1% below their December 2016 high. Prices fell due to warmer-than-normal weather for this time of year.
Is UNG a Good Way to Track Natural Gas?
From March 16, 2017, to March 23, 2017, the United States Natural Gas ETF (UNG), which is designed to track active natural gas futures, rose 5.7%.
US Natural Gas Futures Are near a 4-Week High
US natural gas active futures hit $1.68 per MMBtu on March 4, 2016—the lowest level in 17 years. Prices hit $3.99 per MMBtu on December 28, 2016.
Is $3 Possible for Natural Gas Prices This Week?
Natural gas’s implied volatility was 43.4% on February 24, 2017—6.7% below its 15-day average. Its implied volatility rose to 56.2% on November 14, 2016.
Is Natural Gas Taking Cues from Oil?
As of April 24, the trailing 30-day trading session’s correlation between natural gas active futures and US crude oil active futures was -10.4%.
Natural Gas: What Might Be the Downside Next Week?
On December 20, natural gas’s implied volatility was ~75%, which was ~9.1% below its 15-day moving average.
Understanding Natural Gas ETFs’ Huge Rise Last Week
Between September 14 and 21, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 8.4% and 16.8%, respectively.
Natural Gas: Have Supply Concerns Eased?
On May 22, natural gas June futures closed at a premium of ~$0.27 to June 2019 futures. On May 15, the futures spread was at a premium of ~$0.26.
Analyzing Natural Gas’s Supply Concerns
On May 8, natural gas June 2018 futures closed at a premium of ~$0.19 to June 2019 futures. The difference is called the “futures spread.”
What the Natural Gas Futures Spread Tells Us about the Current Sentiment
On September 6, 2017, the futures spread was at a discount of $0.06, but on September 8, 2017, the futures spread shifted to a premium.
What to Expect from Natural Gas Next Week
On January 18, 2018, natural gas’s implied volatility was 53.9%, 10.2% above its 15-day average.
Natural Gas Fell: Where Are Gas-Weighted Stocks Headed?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to October 24, 2016, natural gas rose 72.6% on a closing price basis.
Rising Rigs: The Natural Gas Bear’s Best Friend
In the week ended July 7, 2017, the natural gas rig count gained five and went to 189. Compared to the same period in 2016, it has more than doubled.
Did Natural Gas ETFs Underperform Natural Gas’s Rise Last Week?
On October 26–November 2, UNG rose 1.5%, while BOIL rose 0.3%. These ETFs track natural gas futures.
Inventories Spread: What to Expect from Natural Gas
The market expects a rise of 63 Bcf in natural gas inventories for the week ending September 1, 2017. The EIA will report the data on September 7, 2017.
Natural Gas Falls: Which Gas-Weighted Stocks Could Follow It?
On February 27, 2017, natural gas futures contracts for April 2017 delivery closed at $2.69 per MMBtu, which is ~3.4% below the previous closing price.
Decoding Weekly US Natural Gas Production and Consumption
PointLogic reported that weekly US dry natural gas production fell 0.13% to 72 Bcf (billion cubic feet) per day on July 20–26, 2017.
Natural Gas Fell, Impacted Natural Gas ETFs
On January 25–February 1, the United States Natural Gas ETF (UNG) fell 10.8%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 20.8%.
Why Are Natural Gas Prices Struggling?
On June 5, natural gas July futures fell 1.4% and settled at $2.89 per MMBtu. Southwestern Energy and Gulfport Energy fell 1.9% and 1%, respectively.
Possibilities for Natural Gas Prices Next Week
On December 7, 2017, natural gas’s implied volatility was 40.5% or ~7.5% less than its 15-day average. On November 29, the implied volatility rose to 47.7%.
Could Oil Rig Count Stop Natural Gas Fall?
In the week ended October 6, 2017, the natural gas rig count fell by two to 187.
Natural Gas Could Move above $3 Next Week
On August 24, 2017, natural gas (UNG) (BOIL) futures’ implied volatility was 30.6%. The implied volatility rose 2% above its 15-day moving average.
How Did Natural Gas ETFs Perform Last Week?
On April 13–20, 2018, UNG and BOIL were almost unchanged. During this period, natural gas May futures rose 0.1%.
What to Expect from the Weather Forecast and Natural Gas Prices
On July 21, the EIA announced a 34 Bcf (billion cubic feet) addition to natural gas (UNG) (GASL) (GASX) (BOIL) inventory levels for the week ending July 15.
Rig Count: A Look at Natural Gas’s Upside
In the week ended September 15, 2017, the natural gas rig count fell by one to 186. Also, the natural gas rig count has stalled between 180 and 190 since May 19, 2017.
Why OPEC Cuts Could Hurt Natural Gas Sentiment
According to Baker Hughes’s (BHI) report, the natural gas rig count climbed by five and was at 185 for the week ended May 26, 2017.
Could Natural Gas Hit a New 2017 Low Next Week?
On December 14, 2017, the implied volatility of natural gas futures was 40.4%. It was ~5.9% below its 15-day average.
Will Natural Gas Reclaim $3 Next Week?
On October 12, 2017, natural gas implied volatility was 35.9%, 1.7% above its 15-day average.
Futures Spread: Less Bullish Sentiments for Natural Gas
On October 16, the natural gas futures for November closed at a premium of ~$0.42 to the November 2019 futures.
Why Oil Above $50 is a Concern for Natural Gas Bulls
The natural gas rig count The natural gas rig count rose by four to 190 in the week ended September 22, 2017. YoY (year-over-year), the natural gas rig count has more than doubled. However, the price of natural gas (BOIL) fell 2.6% YoY. Natural gas production The natural gas rig count has fallen 88.2% from […]
