It's winter. A few power plants switched to nat gas when the price dropped below that of coal. Tomorrow's US EIA report is likely to report a HUGE drawdown in stockpiles.
UNG holding the previous support level of 9.00. The colder winter forecast should push the price of natural gas higher. This is a long term play and any dipps below 9 should be bought.
USNG invests in futures contracts for natural gas, crude oil, heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the NYMEX
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