UNG is the ticker of
United States Natural Gas, an ETF which tracks the price of this commodity. As we show in the chart on our left, the price has been steadily deacreasing during 2 years in a row. However, its floor may not be too far away. We can see divergences between the price and the MACD indicator (2 blue arrows), and a slower rate of descend. Natural Gas is one of the few commodities which is still cheap. We all know that there is no risk of running out of gas, but somehow the price is awfully cheap. It´s not going to last long.
9/8/2010
