For reference only, UGAZ is not even tracking the front month right now. This was the best way I could find to show the point I am trying to make. UGAZ should NEVER be held long term.
Seen a couple of your videos on Youtube. Your delivery is a bit dry but the info is very useful. Do you see NG going up more than 25% in the next 2 months with the economy opening back up? What other ETF for natural gas do you recommend?
Natural_Gas_Trader
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@buddha007, I know it's dry I'll keep working on it and hopefully it improves. I am glad you like the data though that is really why I am doing it.
NG going up 25% should happen, it can swing that much in a matter of days. Longer term if the fundamentals improve from the pandemic and the production cuts occur as expected much higher NG prices are likely by the end of the year.
I suggest UNG to most people, it depends on your style but it usually the best option for most.
buddha007
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@Natural_Gas_Trader, I've only been trading natural gas for the past 2 months. Was more into crude ETF before but the one I normally traded changed their rules so 100% of their holding is in futures contracts that expires 3 MONTHS from now which completely took all the volatility out. That's how I got onto to NG and it's working well for me so far. Based on your info I was shorting it until recently but is long now. As a new NG trader perhaps you can explain in a future YouTube video about LNG and what impact it might have on NG prices. Keep up the great work.