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UNG - Global Weather Teleconnections Continue To Pressure Natural Gas
United States Natural Gas Fund LP
It does not take a rocket scientist to realize that it will take a consistent, cold snowy winter to get natural gas (UNG) prices out of the doldrums. US shale production continues to soar, natural gas stocks were replenished by a relatively warm winter last year, a weak Gulf hurricane season and a temperate fall.
This time of the year, we typically see draws into storage from cold weather. However, with the generally warm weather being experienced in the Midwest and East, there will be no panic by commercials and hedgers about a