RSS feedunited states natural gas fund
’Who’s been trading natgas futures on the curve?
The natgas mystery continues!
Let’s start first with the following flashes from the CME via Reuters on Friday:
NYMEX PRELIMINARY DATA SHOWS NATGAS FUTURES OPEN INTEREST HIT RECORD HIGH ON JUNE 9–CME WEBSITE
PRELIMINARY DATA ALSO SHOWS NYMEX NATGAS FUTURES VOLUME SET NEW RECORD HIGH THURSDAY–CME WEBSITE
Which means the day after the mysterious mini-flash someone or some people,
Oil/gas ratio likely to stay high
The epic flows of the last few months into the United States Natural Gas Fund ETF may be very counter-intuitive as far as predicting an upturn in the price of natural gas.
That, at least, is the message from Goldman Sachs on Wednesday,
USO/UNG ETF managers ask CFTC for exemption on position limits
Filed with the CFTC on June 16th (H/T Olivier Jakob at Petromatrix), emphasis FT Alphaville’s:
Read the full document here.
Related links:
Cramer doesn’t get the UNG – FT Alphaville
Cramer doesn’t get the UNG
Jim Cramer, the over-excited host of Mad Money on CNBC, has finally stumbled upon the problems affecting some ETFs – namely the United States Natural Gas Fund (UNG). And as can be expected, he’s outraged.
Commodity ETF investors move significantly into natural gas
The USO ETF’s command of the WTI crude market has taken a breathtaking drop in the last few months. Having held close to 100,000 WTI contracts at the end of February (amounting to nearly 20 per cent of the WTI market) it has now halved to some 50,000 contracts.