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Natural Gas Price Declining

Oct. 15, 2014 11:54 AM ETDCNG, DGAZF, FCG, GASL, GASZ, GAZ-OLD, KOLD, NAGS, UGAZF, UNG, UNL
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The price of natural gas declining. Now 3.770 futures price on the nearest expiration.

But this price is quite interesting for selling spreads under 3.6 level.

I hope that tomorrow will decline to 3.7 and below. On the news EIA Weekly Natural Gas Storage Report. http://ir.eia.gov/ngs/ngs.html

Also, the positions of large speculators was NET SELLERS 12,570 contracts, and they liquidate large quantity of longs last week. Data from (Commitments of Traders http://www.cftc.gov/MarketReports/CommitmentsofTraders/index.htm)

You can easy take a look on the charts here https://www.quandl.com/

This way.

Interesting fact from EIA

These 7 U.S. regions account for 95% of oil growth & 100% of growth in natural gas.

http://www.eia.gov/petroleum/drilling/#tabs-summary-2

Will buy UNG for portfolio tomorrow on close. Hope price will be below 20.0

Analyst's Disclosure: The author is long UNG.

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