$UNG starting to accumulate a position. Swing TradeBuilding a position in unleveraged natural gas AMEX:UNG in $13-14's
Divergence on price/RSI.
Falling Wedge
Would like to see price get over and hold above daily 50MA
Will likely update once that is achieved
After 50MA is achieved and held, breakout the wedge and target the 200MA daily for pr
Key stats
About United States Natural Gas Fund LP
Home page
Inception date
Apr 18, 2007
Structure
Commodities Pool
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
UNG offers straightforward exposure to front-month natural gas futures, rolling expiring front-month contracts to the next-nearest month. This method increases the sensitivity to underlying gas prices and to the shape of the futures curve, the same as our benchmark. The natural gas contract is natural gas delivered at the Henry Hub, Louisiana. UNG primarily invests in natural gas futures listed in New York Mercantile Exchange (NYMEX), and may invest in forwards and swap contracts. Structured as a commodities pool, investors should expect a K-1 at tax time and a blended tax rate.
Classification
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash65.57%
Futures33.97%
Miscellaneous0.46%
Top 10 holdings
Opening (IRA): UNG March 21st 18/June 20th 35 LPD*... for a 15.04 debit.
Comments: Fading this natural gas move here with a long put diagonal, buying the back month -90 delta put and selling the front month 25. The 35 long put is shown at the 21 strike due to the 35 being off the chart.
Metrics:
Max Profit: 1.96
Buying Power Effect: 15.04
ROC
Closing profitable UNG positionUNG has hit the designated target designated on Dec 20, 2024.
Though there is potential for further long-term upside, the price has now reached previous previous high set in May/June 2024. As well, it is at the upper end of a parallel channel as shown.
I am closing the position at a profit of
UNG is Heating Up! Smart Money’s Radar Locked In – Ready for a B 🚀Technical Analysis (TA) for UNG – Natural Gas ETF
* Trend: UNG is in an uptrend, holding above key support at $18.21 and forming higher lows.
* Price Action: The stock recently tested $18.89 but pulled back slightly, consolidating near the upper trendline.
* Support & Resistance:
* Resistanc
Update on UNG longUpdating my previous long trade initiated when UNG broke through the 200 DSMA two weeks ago.
At the same time, the 200 DSMA turned upwards after having been in a downtrend for over two years.
Note also the huge increase in volume since the 200 DSMA was breached.
My current target is former tops f
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
UNG trades at 16.83 USD today, its price has risen 1.08% in the past 24 hours. Track more dynamics on UNG price chart.
UNG net asset value is 16.91 today — it's risen 6.83% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
UNG assets under management is 326.26 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
UNG price has risen by 6.38% over the last month, and its yearly performance shows a −21.47% decrease. See more dynamics on UNG price chart.
NAV returns, another gauge of an ETF dynamics, showed a −22.73% decrease in three-month performance and has decreased by −18.98% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −22.73% decrease in three-month performance and has decreased by −18.98% in a year.
UNG fund flows account for −591.85 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
UNG invests in cash. See more details in our Analysis section.
UNG expense ratio is 1.06%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, UNG isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, UNG technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating UNG shows the sell signal. See more of UNG technicals for a more comprehensive analysis.
Today, UNG technical analysis shows the sell rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating UNG shows the sell signal. See more of UNG technicals for a more comprehensive analysis.
No, UNG doesn't pay dividends to its holders.
UNG trades at a premium (0.50%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
UNG shares are issued by The Marygold Cos, Inc.
UNG follows the Front Month Natural Gas. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 18, 2007.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.