As I wrote about here and here natural gas has showed a historical tendency to decline in price between June Trading Day #11 and July Trading Day #14 (Yes, I concur that it sounds ridiculous on the face of it, but, hey, the numbers are what the numbers are).
For the record, between the close on 6/15/15 and 7/21/15:
*September natural gas futures declined from 2.942 to 2.894, or a gain of $480 per a 1-lot short position (see Figure 1).Figure 1 – September Natural Gas (Courtesy: ProfitSource by HUBB)
*The ETF ticker UNG declined from $14.03 a share to $13.87, or -1.14% (See Figure 2)Figure 2 – ETF ticker UNG (Courtesy: ProfitSource by HUBB)
Not exactly earth-shattering but a profit is a profit. For the record, this is the 23rd time in the past 26 years that natural gas has showed a loss during this period (88.5% of the time)