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KOLD - Plotting The Future For The Price Of Natural Gas
ProShares UltraShort Bloomberg Natural Gas
The price action in the natural gas futures arena has been consistent since November 2019 when the price of nearby NYMEX futures rose to a seasonal high of $2.095 per MMBtu. The price has done nothing but made lower highs and lower highs. While each new low led to a brief price recovery, the most recent low at the end of March took the price of the energy commodity to a twenty-five-year low of $1.519 per MMBtu. After bouncing to just over the $1.90 level on the nearby May futures contract on April 8, the