Natural Gas waking up?
Nat gas showed some poise today.
Holding green in a red market where most commodities saw negative price action.
This is impressive to see because Nat gas has a long historical trend of diverging from many commodities.
The price action today also saw a red to green reversal further emphasizing the positive potential trend shift.
Nat gas stocks were discounted today despite the stronger price action in the commodity.
We remain bullish and long UNG, our call positions in the money.