Opening (IRA): UNG March 21st 18/June 20th 35 LPD*... for a 15.04 debit.
Comments: Fading this natural gas move here with a long put diagonal, buying the back month -90 delta put and selling the front month 25. The 35 long put is shown at the 21 strike due to the 35 being off the chart.
Metrics:
Max Profit: 1.96
Buying Power Effect: 15.04
ROC
Key stats
About United States Natural Gas Fund LP
Home page
Inception date
Apr 18, 2007
Structure
Commodities Pool
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
United States Commodity Funds LLC
Distributor
ALPS Distributors, Inc.
UNG offers straightforward exposure to front-month natural gas futures, rolling expiring front-month contracts to the next-nearest month. This method increases the sensitivity to underlying gas prices and to the shape of the futures curve, the same as our benchmark. The natural gas contract is natural gas delivered at the Henry Hub, Louisiana. UNG primarily invests in natural gas futures listed in New York Mercantile Exchange (NYMEX), and may invest in forwards and swap contracts. Structured as a commodities pool, investors should expect a K-1 at tax time and a blended tax rate.
Classification
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash72.53%
Futures32.56%
Miscellaneous−5.09%
Closing profitable UNG positionUNG has hit the designated target designated on Dec 20, 2024.
Though there is potential for further long-term upside, the price has now reached previous previous high set in May/June 2024. As well, it is at the upper end of a parallel channel as shown.
I am closing the position at a profit of
UNG is Heating Up! Smart Money’s Radar Locked In – Ready for a B 🚀Technical Analysis (TA) for UNG – Natural Gas ETF
* Trend: UNG is in an uptrend, holding above key support at $18.21 and forming higher lows.
* Price Action: The stock recently tested $18.89 but pulled back slightly, consolidating near the upper trendline.
* Support & Resistance:
* Resistanc
Update on UNG longUpdating my previous long trade initiated when UNG broke through the 200 DSMA two weeks ago.
At the same time, the 200 DSMA turned upwards after having been in a downtrend for over two years.
Note also the huge increase in volume since the 200 DSMA was breached.
My current target is former tops f
UNG: Consolidating with Bullish Momentum! Watch Key LevelsTechnical Analysis Overview
* Trend Analysis:
* UNG is forming a potential ascending triangle pattern on the 4-hour chart, with higher lows and resistance around $17.00.
* The price action suggests a bullish breakout if it sustains above $17.00.
* Support and Resistance:
* Support: $15.4
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.