In a recent article I highlighted the fact that natural gas has showed a tendency to advance during a particular 3-day period in June. Well, thanks to a strong rally on Day 3 this trend technically rang up another “success” in 2015. But in reality, it was basically a wash to a small loss, depending on how one chose to play.
*July Natural gas futures declined $20 in value from 2.891 to 2.889.
*The June UNG 13 strike price call – if bought and sold at the market – was bought at $1.10 and sold at $1.07, or a $3 loss per contract.