There are some shut-ins going on right now, mostly affecting volumes around the Mobile Bay area. Suprised really as this thing is so compact, windfield is almost non existant. Even with the shut-ins, cash is still weak weak weak. prices around FGT and SONAT will get a little lift, but thats really it. WE NEED COLD! And this mornings weather maps 1-5, 6-10, 11-15 have NO blue on them, just a sea of red (above norms).
United States Natural Gas Fund, is recently down 6c to $9.80 in pre-open trading. The investment objective of UNG is for the changes in percentage terms of the unit's net asset value to reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, Louisiana. Natural Gas futures are recently down 1.30% to $4.72 according to Bloomberg. UNG November option implied volatility is at 50, December volatility is at 49; verses its 26-week average of 59, according to Track Data, suggesting decreasing price movement
I almost completely explained futures spreads and the UNG scam again...Whew. You dont have to do much research to get to the bottom of this. Try googling "UNG".