Monday, August 30, 2010

Natural Gas Contango Drops

The contango in natural gas has dropped significantly. These are the prices as of 11AM today

For reference, these were the prices on September 18th of last year. Note that contango was much larger at the time. For example, it was 24% on the two front months, versus the current 7%. For February contracts it was 51%, now it is 19%.

This is good sign for natural gas and good also for the dreadful UNG. As mentioned previously, we are in

Please do your own due diligence. This is not advice.

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