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Natural Gas ETF call action points to higher prices

Posted on 15 October 2008

From Reuters: Option investors on Tuesday appear to be betting that natural gas prices will heat up within the next few months as they accumulate call options on an exchange-traded fund tied to the commodity product.

Shares of the United States Natural Gas Index UNG.A rose 1.58 percent, or 47 cents, to $30.20 in afternoon trade. The fund, which tracks natural gas prices through futures and forward contracts, notched a 52-week low of $29.02 on Friday…… Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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