Thursday, June 3, 2010

Natural Gas Overflowing Again, A New Shorting Opportunity for UNG

Natural gas inventories were released this morning, showing an increase of 88Bcf. The total amount in storage is now 2.35Bcf, or 1.6% higher than last year (which was aready at record levels for this time of the year):

On the "bullish" news, UNG jumped about 3%, presenting a great shorting opportunity.

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