UNL: Double BottomDouble Bottom
Pros:
R/R ratio above 9
PPS crossed 200MA
PPS above 50MA and 200MA
250RSI above 50
RS climbing and above 0
Cons:
200MA descending
Low to no volume
If Confirmed
PT1 = 9,54
PT2 = 10,08
PT3 = 10,45
PT4 = 11,06
Key stats
About United States 12 Month Natural Gas Fund
Expense ratio
0.90%
Home page
Inception date
Nov 18, 2009
UNL offers an alternative method of exposure to natural gas in a viable, if not quite bulletproof, vehicle. The fund spreads its futures exposure equally across the nearest 12 contract months in an effort to minimize the impact of contango on returns. In contrast to its sibling funds, that offers exposure to the next-nearest month. This will mean it will have less sensitivity to short-term moves in spot natural gas. Investors should consider using limit orders to manage spreads. UNL's legal structure isnt unusual in the commodities space, but it does change the tax structure and result in a K-1 at tax time.
Classification
What's in the fund
Exposure type
Cash
Futures
Bonds, Cash & Other100.00%
Cash50.02%
Futures49.98%
Winter is Coming - Long UNLAs this terrible war grinds on, Europe and Asia are getting ready for winter by restocking inventories in the face of a supply squeeze caused by EU and US sanctions. Years of under investment in the sector due to political/ESG concerns combined with the sector's past corporate mismanagement making i
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