UNG recovering

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.

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One response to “UNG recovering

  1. Pingback: ST buy candidates « sensilively

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