United States Natural Gas Fund LP (UNG) 8.03 -0.09

Trade UNG
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Last Trade:7.97Short Ratio:
Last Trade Time:5:00pmDay Range:7.95 - 8.10
Ask:8.03Year Range:7.95 - 18.48
Bid:7.97One Year Target:
Open:8.09Exchange:PCX
Volume:22875588EBITDA:0
Prev. Close:8.06Market Cap:
50 Day Moving:9.2233Div Yield:
200 day moving:10.1316PE:

Benzinga's Top ETF Decliners (UNG, DAG, ZSL, FAZ)

Natural gas is struggling today, it is down approximately 3%. United States Natural Gas Fund, LP (NYSE: UNG) tracks the percentage movement of natural gas prices and today it is leading the losers among ETFs with 3% decline.

Traders Negative on Natural Gas

I have been waxing poetic about being short Natural Gas, played through the United States Natural Gas Fund (NYSE: UNG), for weeks and with good reason; the ETF has exploded lower, the fundamentals and technicals are dramatically bad for the commodity, and traders continue to make bearish plays.

Investors Will Continue To Struggle With The Natural Gas ETF (UNG)

Commodity traders love patterns, and over time, natural gas has exhibited one of the asset class’s most consistent patterns: seasonality. Frank Holmes pointed this out on a recent article on U.S. Global Investors’ Frank Talk blog: Data aggregated between 1989 and 2008 reveal that in March, natural gas prices increase, on average, 7 percent over February’s levels.

Trader Takes Profits in UNG

Natural Gas, as tracked by the United States Natural Gas Fund (NYSE: UNG), has been falling off of a cliff over the past few days, set in motion by a less than stellar inventories report last week. I flagged a bearish pattern in the name prior to that report and suggested going short.

Correction Looming 3/8/10

That is not to say ALL commodities will correct but examining the technicals and digging deeper into the fundamentals we expect a “healthy” correction in a number of commodities.

Lightning Round: Jim Advices Investors To Steer Clear Of SQNM, FRPT, UNG; Buy AAPL, TIVO, DYN

In his “Lightning Round,” Jim said that Sequenom (NASDAQ: SQNM) is highly controversial and should not be owned at the moment. SQNM gained 0.62% in after hours trading.

ETFs To Watch March 5, 2010 (UNG, CMD, UUP, XLF)

Here is the ETF Professor's ETF Watch List for Friday March 5, 2010. Play the jobs report with the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) and the SPDR Gold Shares (NYSE: GLD).

Natural Gas Tumbles

Natural Gas inventories were higher than expected despite heavy use in the Midwest and Northeast during this season's heavy snow storms. Inventories were expected to drop between 128 billion and 132 billion cubic feet but only dropped by 116 billion cubic feet.

The Natural Gas ETF Hits New Lows After Inventory Report

“How low can it go? That’s the question for investors in U.S. Natural Gas Fund (UNG), which has lost more than half its value over the past year alone. It was among the worst-performing ETFs on Thursday, losing 4% in afternoon trading following a report that natural-gas inventories fell less than expected last week. The ETF [...]

Natural Gas Looks to Be on Shaky Shale

The United States Natural Gas Fund (NYSE: UNG) is not looking so pretty these days. After rocketing higher and forming a double bottom at the beginning of this December, the ETF has simply fallen out of bed in recent weeks and looks to be broken.