As you can see in Figure 1, with one week left to go ETF ticker UNG and September Natural Gas futures are both slightly below their levels of 6/15, but has been advanced strongly in the last week, so things still hang very much in the balance. The ETF ticker UNG and September Natural Gas futures both tried to break out to the upside on 7/14 but then reversed back to the downside. As I write natural gas futures are once again trying to move to the upside however, in the early morning of 7/15. So the bottom line is that the end result for this particular seasonal trend this time around remains hanging very much in the balance.Figure 1 – Ticker UNG during “Unfavorable” Period so far (Courtesy: AIQ TradingExpert)
Figure 2 – September Natural Gas futures during “Unfavorable” Period so far (Courtesy: ProfitSource by HUBB)
From a trading perspective (and for what it is worth):
*I wrote about a potential option trade using options on UNG here
*And as I wrote here I would have taken the money and run on that option trade a short while back. Yes, I understand that as the purveyor of this particular seasonal trend I should stick around to the bitter end and not take early profits and run away.
Sorry, it’s just my nature.