Natural Gas Storage is a Disaster: UNG Caput

Natural gas inventories were released a few minutes ago showing a drop of only 11 Bcf. This is almost an injection. With the very warm (and gorgeous) weather we are having on east coast lately, there may well be an injection next week.

Chart compares 2009 and 2010. 2010 is almost shaping up as bad as 2009 already.

Here is the current status of our UNG straddles from yesterday, +7.69% for March and +5.13% for April:

The day is early...

UPDATE 2:25PM: Marchs are now +19.15%