UNG reversed split yesterday, shockingly, for the 2nd time in less than year. The first one was a 1:2 and resulted in a 50% loss. The 2nd one was 1:4. Shocking is why anyone buys this ETF.
A beautiful chart - if you were short UNG.
More worrisome is the very ugly natural gas storage report:
The red curve is where we are, compared to previous years. Ouch.