ProShares Ultra Bloomberg Natural Gas
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August 23 EIA Report: Will Natural Gas Prices Rise?
Henry Hub natural gas prices rose 2.79% after the EIA released its natural gas inventories for the week ended August 23. The EIA reported a rise of 60 Bcf.
Natural Gas: What to Expect This Week
On June 27, natural gas’s implied volatility was ~33%—4% above its 15-day moving average. The implied volatility fell ~4.9% in the trailing week.
Natural Gas Futures Spread: Are Traders Confused?
On June 26, the natural gas futures for August 2019 closed at a discount of ~$0.23 to the August 2020 futures. On June 18, the futures spread was at a discount of $0.24.
Natural Gas: What Can Investors Expect in June?
On June 20, natural gas’s implied volatility was 34.7%—18.8% above its 15-day moving average. The implied volatility has risen ~20.1% in the trailing week, while active futures have fallen 6.7%.
Natural Gas: Analyzing the Forward Curve
As of June 18, the natural gas futures contracts for delivery between July and September were priced in descending order. On June 11–18, natural gas July futures fell 3%, UNG fell 3.1%, and BOIL fell 6.7%.
Where Natural Gas Could Head Next Week
Yesterday, natural gas’s implied volatility was 28.9%, 4.7% above its 15-day moving average.
Here’s Some Good News for Natural Gas ETFs amid Weaker Gas Prices
As of June 11, the natural gas futures contracts for delivery between July and September were priced in descending order.
Futures Spread: Rising Bearish Sentiments for Natural Gas
On May 28–June 4, the natural gas July futures fell 6.5%. UNG fell 6.2%, while BOIL fell 12.3%.
Futures Spread: A Flip in Natural Gas’s Sentiments?
As of May 28, the natural gas futures contracts for delivery between July and August were priced in ascending order.
Where Natural Gas Prices Could Close in the Next Week
On May 23, natural gas’s implied volatility was 24.7%, ~9.3% higher than its 15-day moving average.
Natural Gas Forward Curve Impacted UNG and BOIL
On May 14–21, the natural gas June futures fell 1.7%. UNG fell 1.3% and BOIL fell 2.8%.
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.
Natural Gas’s Forward Curve: Key for Energy Investors
On May 7, the natural gas futures for June 2019 closed at a discount of ~$0.02 to the June 2020 futures.
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.
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.
Where Will Natural Gas Close Next Week?
On February 7, natural gas’s implied volatility was 26.7%, which was ~41.3% below its 15-day moving average.
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%.
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 Update and Key Price Levels Next Week
On January 24, natural gas’s implied volatility was 56.5%, which was ~26.6% below its 15-day moving average.
Analyzing Natural Gas ETFs’ Performances Last Week
Between January 11 and January 18, the United States Natural Gas ETF (UNG) rose 8.9%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) rose 13.5%.
Analyzing Natural Gas ETFs’ Performance Last Week
Between December 28 and January 4, the United States Natural Gas ETF (UNG) fell 8.4%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 17.4%.
What to Expect from Natural Gas Next Week
On January 3, natural gas’s implied volatility was 52.6%, which was ~26.6% below its 15-day moving average.
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%.
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.
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.
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.
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.
Analyzing Natural Gas ETFs’ Returns Last Week
On December 7–14, the United States Natural Gas ETF (UNG) fell 15.8%, while the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) fell 26.8%.
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.
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%.
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%.
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.
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.
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.
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.
Inventory Data Might Push Natural Gas near $3.2 Next Week
On September 27, natural gas’s implied volatility was 28.3%, which was ~17.9% above its 15-day moving average and the highest level since February 23.
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.
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.
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.
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 Natural Gas ETFs’ Performance Last Week
On August 24–31, the United States Natural Gas ETF (UNG) and the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) had returns of 0.3% and -0.3%.
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).
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.
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.
What’s Behind Hess’s Strong Performance This Year?
This year, Hess (HES) has been the Energy Select Sector SPDR ETF’s (XLE) second-strongest energy stock.
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.”
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.
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.
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.
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.
Have Natural Gas Supply Concerns Increased?
On May 29, natural gas July futures closed at a premium of ~$0.25 to July 2019 futures. On May 22–29, natural gas July futures fell 1.1%.
Why Natural Gas Prices Retreated on May 29
Natural gas July futures settled at ~$2.96 per MMBtu on May 25—the highest closing level since January 31.
Analyzing Natural Gas ETFs’ Performance
From March 3, 2016, to May 25, 2018, natural gas active futures rose 79.3% from their 17-year low.
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 ETFs’ Performances Last Week
On May 18, the closing prices of natural gas futures contracts for delivery between June and August settled in an ascending order.
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.
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.”
Analyzing Natural Gas ETFs’ Performances Last Week
From March 3, 2016, to May 4, 2018, natural gas active futures rose 65.4% from their 17-year low. During this period, UNG and BOIL fell 4.4% and 41.4%.
Natural Gas Could Fall below $2.70 by May 10
On May 3, natural gas’s implied volatility was 20.3%—5.6% less than its 15-day moving average.
Analyzing Natural Gas ETFs’ Performance Last Week
Between April 20 and April 27, the ETFs that follow natural gas futures recorded the following performance.
Is $2.90 Possible for Natural Gas This Week?
On April 26, natural gas’s implied volatility was 21.2%. That was 2.8% less than its 15-day moving average.
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%.
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.”
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%.
Important Price Limits for Natural Gas’s Traders Next Week
On April 19, 2018, natural gas’s implied volatility was 23.4%. It was 6.4% more than its 15-day moving average.
What’s the Correlation between Oil and Natural Gas?
Between April 10 and April 17, 2018, the correlation between natural gas and US crude oil May futures was just 4.2%.
Could Natural Gas See a Comeback?
On April 17, 2018, natural gas May 2018 futures fell 0.5% and settled at $2.74 per MMBtu (million British thermal units).
Comparing Natural Gas ETFs and Natural Gas Prices
From March 3, 2016, to April 13, 2018, natural gas active futures rose 66.9% from their 17-year low.
Important Price Levels for Natural Gas Futures Next Week
On April 12, 2018, natural gas’s implied volatility was 22.5%, just 0.4% more than its 15-day moving average.
Natural Gas ETFs’ Performances Last Week
From March 3, 2016, to April 6, 2018, natural gas active futures rose 64.8% from their 17-year low.
Downside for Natural Gas Next Week
On April 5, 2018, natural gas’s implied volatility was 21%—9.5% less than its 15-day moving average.
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.
How Natural Gas Prices Impacted SWN Stock Last Week
In the last one-week period, Southwestern Energy (SWN) stock had a strong correlation of ~76.0% with natural gas.
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.
Oil and Natural Gas: Correlation in the Trailing Week
On March 20–March 27, 2018, the correlation between natural gas and US crude oil May futures was approximately -64%.
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).
Analyzing Natural Gas ETFs and Natural Gas Futures
Between March 3, 2016, and March 9, 2018, natural gas futures rose 66.7% from their 17-year low.
Analyzing Natural Gas ETFs and Natural Gas Last Week
Between March 3, 2016, and March 2, 2018, natural gas active futures gained 64.4% after falling to their 17-year low.
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.
US Natural Gas Inventories: Largest Weekly Withdrawal since 2014
US natural gas inventories declined by 194 Bcf (billion cubic feet) to 1,884 Bcf on February 2–9, 2018, according to the EIA.
Where Could Natural Gas Prices Close Next Week?
On January 25, 2018, natural gas’s implied volatility was at 54.8%, 8% 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%.
How Natural Gas ETFs Performed Last Week
Between January 12 and January 19, 2018, the United States Natural Gas ETF (UNG), an ETF that has exposure to natural gas futures, fell 1.7%.
US Natural Gas Production and Consumption Could Impact Prices
According to PointLogic, US dry natural gas production increased by 0.3 Bcf (billion cubic feet) per day to 75.7 Bcf per day on January 11–17, 2018.
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.
These Energy Commodities Rose This Week
With the mixed performance from energy commodities, energy stocks are down this week. As of January 17, the Energy Select Sector SPDR Fund (XLE) has fallen ~0.4% this week.
How Natural Gas ETFs Are Reacting to Spike in Natural Gas
Between January 5 and January 12, 2018, the United States Natural Gas ETF (UNG), which holds positions in active natural gas futures, gained 14.5%.
Is $3.30 Possible for Natural Gas Next Week?
On January 11, 2018, natural gas’s implied volatility was 49.1%. That’s 7% above its 15-day average.
US Natural Gas Futures Could Continue to Fall
Hedge funds’ net long positions in US natural gas futures (UGAZ) (UNG) and options contracts were at 5,318 for the week ending January 2, 2018.
Possible Downside in Natural Gas Next Week
On December 21, 2017, natural gas prices closed at the lowest closing level since February 23, 2017. Since that day, natural gas futures have risen 11.1%.
Which Energy Commodity Is Rising in the New Year?
For the week starting January 1, 2018, crude oil prices have risen ~2%, from last week’s close of $60.42 per barrel to $61.63 per barrel on January 3, 2018.
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.
Natural Gas ETFs to Watch in 2018
On December 29, 2017, the closing prices of natural gas futures contracts between March 2018 and May 2018 were progressively lower.
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.
Natural Gas Returns and Natural Gas ETFs
From December 15–22, 2017, the United States Natural Gas Fund (UNG) rose 0.6%.
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 […]
Natural Gas: Have Oversupply Concerns Eased?
On December 19, natural gas (UNG)(BOIL)(FCG) January 2018 futures closed $0.31 below its January 2019 futures.
Are Natural Gas ETFs Outperforming the Natural Gas Fall?
Between December 8 and December 15, the United States Natural Gas Fund (UNG)—which invests in natural gas near-month futures contracts—fell 5.6%.
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.
Why Southwestern Energy Has High Correlation with Natural Gas
Southwestern Energy (SWN) stock has fallen more than 9% in the last five trading sessions.