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Natural Gas Price Declining

|Includes: iPath Pure Beta Seasonal Natural Gas ETN (DCNG), DGAZ, FCG, GASL, GASZ, GAZ, KOLD, NAGS, UGAZ, UNG, UNL

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.

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

You can easy take a look on the charts here

This way.

Interesting fact from EIA

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

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

Disclosure: The author is long UNG.