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GAZB - UNG: Natural Gas Could Rally By 50% Over The Next Year
Barclays Bank PLC
A little over a week ago, I wrote a piece in which I argued that the United States Natural Gas Fund (UNG) was likely headed higher in the coming months. In this piece, I will expand upon this previous analysis by providing additional statistics which I believe are suggestive of higher gas prices in the immediate future. Specifically, I believe that historic analysis suggests that we could see natural gas rise by over 50% throughout the next year.
The Commodity Cycle
To start this piece off, I would like to establish a baseline