Natural gas took on a sudden life of its own on Monday, shooting up more than 11 per cent in London afternoon trade:
Here’s how that move looks over a longer duration:
As can be seen that follows a 15 per cent move higher on Thursday and a 9 per cent correction lower on Friday — all in all making for some pretty volatile trade in natural gas of late:
Of course, it is a United States natural gas fund exchange-traded-fund (UNG) rollover week. What’s more, the fund has just become an active buyer of fresh futures again.
Related links:
Natural gas comeback not exactly what it seems - FT Alphaville
The great commodity ETF unwind - FT Alphaville
Natgas, literally under pressure – FT Alphaville