Thursday, June 25, 2009

UNG again

Here we can compare the behavior of the Natural Gas when it was in similar inventory conditions as it is today.

Stocks of Natural Gas. The red line shows the increasing stocks of Natural Gas Today and in September 2007. Look and compare it with the movements in prices and take your own conclusions.

Note: The shaded area indicates the range between the historical minimum and maximum values for the weekly series from 2004 through 2008.
Source: Form EIA-912, "Weekly Underground Natural Gas Storage Report." The dashed vertical lines indicate current and year-ago weekly periods.

Source: EIA

http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html




UNG



UNG trendlines:

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