Global Macro Perspectives
December 3rd, 2009 by Belisarius
Natural gas in storage rose 2 billion cubic feet in the latest week. No draw I speculated about in the UNG post. Closed the UNG postition at small loss.
Chart 1. Working Gas in Underground Storage Compared with 5-year Range
Source: EIA
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December 7th, 2009 at 4:35 pm
[...] Exchange Good that I closed the UNG position, I have saved myself from a lot of profits. U.S. Natural Gas Weekly – 03 December 2009. Like with JPY the entry point was a absolute high/low, but I earned almost nothing. P….. [...]