Direxion Daily Natural Gas Related Bull 3x Shares
Most Recent
US Natural Gas Consumption Rose for the 7th Time in 8 Weeks
Market intelligence company PointLogic reported that US natural gas consumption rose by 4.4% between July 21–July 27, 2016. Gas consumption rose for the seventh time in the last eight weeks.
World Bank: US Natural Gas Prices Could Trade Higher in 2017
US natural gas inventories are 16.4% more than their five-year average. High natural gas inventories could keep a lid on US natural gas prices.
Natural Gas Prices Could Fall below $3 Next Week
On June 8, 2017, US natural gas (GASL) (GASX) (FCG) active futures had an implied volatility of 36%—up 3.8% compared to the 15-day average.
Energy ETFs: What Drove Their Performances?
Among the top energy ETFs, the Energy Select Sector SPDR ETF (XLE) had the highest correlation of 70.4% with US crude oil in the trailing month to June 9, 2016.
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.
Did Natural Gas–Weighted Stocks Outperform Natural Gas?
Between June 13 and June 20, our equally weighted basket of natural gas–weighted stocks rose 4.6%—compared to a 6.2% rise in natural gas for the same period.
Monthly US Natural Gas Production Fell in October
The EIA estimated that US-marketed natural gas production fell by 0.64 Bcf per day to 77.93 Bcf per day in October—compared to September 2016.
Large Build in US Natural Gas Inventories Pressured Gas Prices
The EIA reported that US natural gas inventories rose by 74 Bcf (billion cubic feet) to 2,189 Bcf on April 14–21. Inventories rose 3.5% week-over-week.
What Does the Shift in the Natural Gas Futures Spread Indicate?
On April 5, 2017, active natural gas (UNG) (FCG) (BOIL) (GASL) futures were trading at a premium of $0.33 to futures contracts 12 months forward.
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.
Natural Gas Supplies Rose for the Week Ended August 17
The EIA (U.S. Energy Information Administration) reported that US natural gas production averaged 78.9 Bcf per day in July 2016.
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.
Inventories Spread Could Boost Natural Gas Prices
The difference between natural gas inventories and its five-year average, the inventories spread, could influence natural gas prices.
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.
Inventories Spread: Bullish or Bearish for Natural Gas Prices?
In the week ending August 11, 2017, natural gas inventories rose by 53 Bcf to 3,082 Bcf based on the EIA’s data released on August 17, 2017.
Futures Spread: What It Says about Natural Gas Prices
On March 1, 2017, active natural gas (UNG) (FCG) (BOIL) (GASL) futures were trading at a discount of $0.5 to futures contracts 12 months ahead.
Natural Gas Could Fall below $2.7 Next Week
On August 3, 2017, natural gas’s implied volatility was 30%—5.1% below its 15-day moving average.
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.
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.
Natural Gas Longs: Here’s Why You Should Watch Oil Rigs
On January 12, 2018, the natural gas rig count was 88.4% less than its historic high of 1,606 in 2008.
Natural Gas’s Rise: Why Gas-Weighted Stocks Are Underperforming
Between March 20, 2017, and March 27, 2017, natural gas futures contracts for May 2017 rose 1%. The commodity saw the small gain due to slightly bullish inventory data.
Does the Natural Gas Fall Relate to Oil’s Decline?
Between November 29 and December 6, natural gas (GASL)(GASX)(FCG) January 2018 futures had a correlation of -1.6% with US crude oil January futures.
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.
What to Expect from Natural Gas Prices
As of April 13, 2017, US natural gas prices were 19% below their 15-month high. They fell due to warmer-than-normal weather for this time of year.
Winter Weather and Inventories Could Impact Natural Gas Prices
Aegent Energy Advisors estimates that US natural gas prices are expected to trade below $3.27 per MMBtu this winter from November 2016 to March 2017.
Natural Gas Traders Should Stay Cautious of Oil Rigs
On December 29, the natural gas rig count was 88.7% below its record high of 1,606 in 2008. However, natural gas supplies have risen drastically since 2008.
US Natural Gas Prices Hit a 2016 High: What’s Next?
Natural gas prices rose due to cold weather forecasts and the bullish US natural gas inventory report. Prices hit a 2016 and two-year high.
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.
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 Rebound: Pick Gas-Weighted Stocks Carefully
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3, 2016, to March 6, 2017, natural gas rose 76.8% on a closing price basis.
How Will Natural Gas Prices Move in November and Beyond?
US natural gas inventories are 4.6% above their five-year average. However, the surplus is shrinking.
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.
How the US Natural Gas Rig Count Affected Natural Gas Prices
On November 4, 2016, Baker Hughes (BHI) will release its weekly US natural gas rig count.
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.
Is Natural Gas Moving with Oil Prices?
The correlation between natural gas (GASL)(GASX)(FCG) active futures with US crude oil active futures was 99.8% between December 12 and December 19.
The Rise or Fall of US Natural Gas Prices in 2Q17
As of April 6, 2017, US natural gas prices are above their 20-day, 50-day, 100-day, and 200-day moving averages. That suggests a bullish momentum for natural gas.
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%.
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%.
Analyzing the Relationship between the US Dollar and Natural Gas
Between July 27 and August 3, 2016, natural gas futures rose by ~6.7%, and the US Dollar Index fell by ~1.5%.
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.
Analysts Are Bullish about US Natural Gas Prices in 2017
Aegent Energy Advisors estimates that US natural gas prices are expected to trade below $3.27 per MMBtu (million British thermal units) this winter.
EIA Upgrades US Natural Gas Price Forecast for 2016 and 2017
The EIA released its monthly STEO report on October 13. It expects US natural gas prices to average $2.51 per MMBtu in 2016 and $3.07 per MMBtu in 2017.
Rise in Natural Gas Isn’t Good for Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 20, 2017, natural gas rose 85.4% on a closing price basis.
Which Gas-Heavy Stocks Outperformed amid Falling Natural Gas?
Between February 10, 2017, and February 17, 2017, natural gas futures contracts for March 2017 delivery fell 6.6%.
OPEC’s Meeting Could Impact US Natural Gas Production and Prices
PointLogic estimates that weekly US dry natural gas production rose by 0.6 Bcf (billion cubic feet) per day to 74.5 Bcf per day on September 14–20, 2017.
Natural Gas Prices Could Be Weak the Rest of 2016
Aegent Energy Advisors estimates that US natural gas prices won’t exceed $2.92 per MMBtu (million British thermal units) in December 2016.
Will Oil Rigs Accelerate Natural Gas’s Fall?
In the week ended June 30, 2017, the natural gas rig count rose by just one to 184. However, on a year-over-year (or YoY) basis, the natural gas rig count has more than doubled.
Could the Inventories Spread Pull Natural Gas Prices Down?
Inventory data In the week ended September 15, 2017, natural gas inventories rose 97 Bcf (billion cubic feet) to 3,408 Bcf, 4 Bcf more than the market had expected. The EIA (U.S. Energy Information Administration) reported this data on September 21, 2017. That day, natural gas November futures fell 4.5%. Inventories spread The difference between natural […]
Natural Gas Prices Rise Due to the Weather Outlook
Natural gas prices had the highest settlement of $2.09 per MMBtu on April 19, 2016, since February 11. High natural gas prices benefit natural gas producers.
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%.
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.
Inventories Spread: Natural Gas Prices Could Make a U-Turn
In the week ending August 4, 2017, natural gas inventories rose by 28 Bcf to 3,038 Bcf. The EIA reported natural gas inventory data on August 10, 2017.
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.
Why US Natural Gas Traders Are Tracking OPEC’s Production
Baker Hughes, a GE company, released its weekly US natural gas rigs report on January 19, 2018. Natural gas rigs increased by two to 189 on January 12–19.
Will US Natural Gas Futures Fall More?
US natural gas (GASL) futures contracts for January delivery were below their 20-day, 50-day, and 100-day moving averages on December 14, 2017.
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%.
NYMEX Natural Gas Prices: Long-Term Forecasts
US natural gas inventories are currently 11% higher than their five-year average. High natural gas inventories could weigh on US natural gas prices.
Where Natural Gas Prices Stand next to Oil Prices
Between October 11 and October 18, 2017, natural gas active futures had a correlation of -53.1% with US crude oil futures.
Is US Crude Oil Losing Momentum?
Between April 20 and April 27, US crude oil June futures fell 0.4%. Let’s take a closer look.
US Natural Gas Futures Recovered from a 3-Month Low
NYMEX natural gas (GASL) (DGAZ) futures contracts for July delivery rose 4.3% and settled at $3.06 per MMBtu (million British thermal units) on June 15.
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.
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.
How Crude and Natural Gas Rig Counts Affected Natural Gas Prices
The US natural gas rig count rose by two to 118 rigs between November 18 and November 23, 2016.
Why Oil Rigs Could Overshadow Natural Gas’s Gains
On March 31, 2017, the natural gas (BOIL) (GASX) (FCG) (GASL) rig count was 160, a rise of five rigs over the previous week.
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.
What’s the Natural Gas Price Forecast for 2016 and 2017?
The EIA forecast that the US natural gas supply and demand gap will be 4.1 Bcf per day in 2016 and 4.4 Bcf per day in 2017.
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.
US Natural Gas Price Forecast for 2017 and Beyond
World Bank forecast that US natural gas prices will average $2.30 per MMBtu in 2016, $3.00 per MMBtu in 2017, and $3.50 per MMBtu in 2018.
How the Oil Rig Count Affects Natural Gas Prices
In the week ended September 29, 2017, the natural gas rig count fell by one to 189. On a year-over-year basis, the natural gas rig count has risen ~97%.
Analyzing Gas-Heavy Stocks amid Falling Natural Gas Prices
From February 17–27, 2017, natural gas futures contracts for April 2017 delivery fell 8.8%. On March 3, 2016, natural gas futures touched a 17-year low.
Blame Canada: Why Natural Gas Supplies Rose
Market intelligence company PointLogic reported that natural gas supplies rose by 0.6% to 80.2 Bcf (billion cubic feet) per day between June 16 and June 22.
Natural Gas Could Reach the $3.4 Mark Next Week
On November 9, 2017, natural gas had an implied volatility of 43.5%—9.4% more than its 15-day average. Natural gas active futures settled at $3.2 per MMBtu.
Small Rise in US Natural Gas Inventories Boosted Natural Gas Prices
The EIA released its Weekly Natural Gas Inventory Report on June 2. US natural gas inventories rose by 82 Bcf to 2,907 Bcf between May 20 and May 27, 2016.
Natural Gas Production Could Rise in 2017
The natural gas rig count for the week ending on February 24 was 90.6% lower than its peak in 2008. The rig count reached a historic high of 1,606 in 2008.
Will Natural Gas Prices Fall below $3?
On June 15, 2017, US natural gas (GASX) (BOIL) active futures’ implied volatility was 35.7%, 1.7% above its 15-day average.
A Look at the Implied Volatilities of Crude Oil and Natural Gas
Crude oil’s (USO) (OIIL) implied volatility was 39.71 on June 17, 2016. Its 15-day average implied volatility is 36.16.
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.
S&P 500 and US Natural Gas Futures Next Week
NYMEX natural gas futures contracts for March delivery fell 0.27% to $2.58 per MMBtu on February 15, 2018.
Markets Crash in 1Q – April Fool’s
Decent earnings combined with low expectations are fueling rally after rally – not to mention the ever elusive promise of a China deal.
US Natural Gas Futures near 2-Week High
March US natural gas futures contracts fell 0.34% to $2.62 per MMBtu (million British thermal units) on February 23, 2018.
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.
Does Natural Gas’s Rise Depend on Crude Oil?
Between January 16 and January 23, 2018, natural gas (GASL) (UNG) (FCG) had a correlation of 84.6% with US crude oil (OIIL) (USL) (DBO) active futures.
Is Natural Gas Pricing in Colder Weather?
On January 23, 2018, natural gas February 2018 futures settled $0.34 above February 2019 futures.
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%.
Are the Gains in Natural Gas and Oil Coincidental?
Between January 9 and January 16, 2018, the correlation between natural gas and US crude oil active futures was 52.7%.
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.
Will US Natural Gas Futures Rise or Fall in 2018?
February US natural gas (UGAZ) futures contracts are above their 20-day and 50-day moving averages on January 11, 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%.
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.
Natural Gas Returns and Natural Gas ETFs
From December 15–22, 2017, the United States Natural Gas Fund (UNG) rose 0.6%.
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%.
Natural Gas: Fall Impacts Natural Gas ETFs
On December 1–8, 2017, the United States Natural Gas Fund (UNG), which holds near-month natural gas futures contracts, fell 9.3%.
Is US Natural Gas Production Helping Natural Gas Bears?
US dry natural gas production fell by 0.5 Bcf per day or 0.7% to 76.2 Bcf per day on November 30–December 6, 2017, according to PointLogic.
Rise in Natural Gas Impacts Natural Gas ETFs
On November 24–December 1, 2017, the United States Natural Gas Fund (UNG), that follows near-month natural gas futures contracts, rose 4.5%.
Will US Natural Gas Prices Trend Higher Next Week?
A massive fall in natural gas inventories compared to the historical and seasonal average could drive natural gas prices higher next week.
US Natural Gas Future Fell after the Natural Gas Inventory Report
The EIA released its natural gas inventory report on November 30, 2017. US natural gas inventories fell by 33 Bcf to 3,693 Bcf on November 17–24, 2017.
How Are Natural Gas ETFs Adjusting to Fall in Natural Gas Prices?
Between November 17 and November 24, 2017, the United States Natural Gas Fund LP (UNG) fell 8.8%.
Weather Impacts the US Natural Gas Market
January US natural gas (DGAZ) (UNG) futures contracts fell 1.4% to $3.01 per MMBtu in electronic trading at 1:05 AM EST on November 24, 2017.
