gold2010 (< 20)

Natural Gas Big Play

March 14, 2008 – Comments (0) | RELATED TICKERS: UNG , NGS , CHK

I purchased UNG when it was at $38 about a month ago.  Now it is at $50.  My reasoning behind this was that Nat Gas was extremely lagging behind crude oil and from historic charts it looked like it was near its resistance and with Crude continuing to surge and the companies buying nat gas before the summer months deemed to be a great play.  In the last 15 years putting a play on natgas futures in february matuing in mid april has seen profitability every year.  Even though the price of Nat Gas has increased from around $7 to over $10 I believe it will is still a great play