On the moment price of Natural gas is NG V2013 = 3.600
And price of UNG = 18.92
Based on my strategy research this is the "fair value" for spot natural gas price and good place to get back in Natural gas long exposure, before the heating period will start. The demand will increase and drive the price higher.
I bought futures.
I track the ETF's replicated deals from my strategy. And will add UNG and leveraged GAS ETF's to portfolio on the market opening.
This is only MBA academic research of gas derivatives markets on the moment, and do not recommend anyone follow me!
Disclosure: I am long UNG.