Natural Gas is pulling back.
Chart is below.
Volatile security and is leveraged x 2. The 20 is crossing up through the 50
No recommendation.
ProShares Trust II - ProShares UltraShort Bloomberg Natural Gas is an exchange traded fund launched by ProShare Capital Management LLC. It is co-managed by ProFund Advisors LLC and ProShare Advisors LLC. The fund invests in the commodity markets. It takes short positions and uses derivatives such as futures contracts to invest in natural gas sector. The fund seeks to track -2x the daily performance of the Bloomberg Natural Gas Subindex. ProShares Trust II - ProShares UltraShort Bloomberg Natural Gas was formed on October 4, 2011 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the performance of the Bloomberg Natural Gas SubindexSM for a single day. The fund seeks to meet its investment objective by investing in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity). Benchmark: Bloomberg Sub Natural Gas TR USD
Chart is below.
Volatile security and is leveraged x 2. The 20 is crossing up through the 50
No recommendation.
ProShares Trust II - ProShares UltraShort Bloomberg Natural Gas is an exchange traded fund launched by ProShare Capital Management LLC. It is co-managed by ProFund Advisors LLC and ProShare Advisors LLC. The fund invests in the commodity markets. It takes short positions and uses derivatives such as futures contracts to invest in natural gas sector. The fund seeks to track -2x the daily performance of the Bloomberg Natural Gas Subindex. ProShares Trust II - ProShares UltraShort Bloomberg Natural Gas was formed on October 4, 2011 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the performance of the Bloomberg Natural Gas SubindexSM for a single day. The fund seeks to meet its investment objective by investing in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity). Benchmark: Bloomberg Sub Natural Gas TR USD