Record Natural Gas Inventory Build Up Pressuring PricesVW Staff
This is the daily chart of UNG, the largest natural gas ETF. Prices have fallen off a cliff - down from $26.50 in mid-June to $20.72 at the close of trading yesterday.
That’s a fall of nearly 22% in just over a month. Yesterday’s bearish engulfing pattern is likely signalling further downside to follow. What’s ailing natural gas?
Natural gas: record inventory build up
“Nearly midway through the summer storage injection season, working natural gas in storage is on pace . . .
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