UNG is recovering from its strong fall. Will it catch up with Oil performance ?
From this article :
The past three years have seen a significant outperformance from USO compared to UNG.
and the oil to gas ratio currently is > 20%
Though oil and natural gas are both energy forms, there are some differences that can account for the persistence of a substantial price difference, but this extreme difference is hard to figure out. It has happened before on occasion, but a ratio this large is rare.
After a break through the resistance of 7.75, the 8.5 level will be tested.