Category Archives: Commodity Trading

Commodity Trading, Energy Stocks

Natural Gas ETF Investment Updates -06Jan2014

  • A warm start to winter is disappointing investors who bet U.S. natural gas producers would offer a refuge from falling oil prices, as gas futures settled at a two-year low $2.882/MMBtu yesterday after dropping 32% in 2014.
  • Among the 10 worst performers on the S&P’s Exploration & Production Index since June 20 – when oil was $107.26/bbl and gas was $4.53 – seven are companies that produce more than 50% gas; since June 20, Chesapeake Energy (CHK -1.3%) has declined 37%, Range Resources (RRC -0.7%) has dropped 41%, and Southwestern Energy (SWN -1.6%) has plunged 45%.
  • The natural gas market looks terrible for 2015 and has been structurally oversupplied for years — Raymond James analyst Marshall Adkins says as he cuts his forecast for average 2015 Henry Hub gas prices to $3/Mcf from $3.65, citing normal weather that will “unmask the bearish underpinning of the U.S. gas market.”
  • Natural gas disappoints investors seeking oil refuge – Carl Surran, SA News Editor

If you are an investor in any of the following Natural Gas ETFs/ETNs, you can benefit from our stock price target service, for buying and selling levels in the next 3,6,12 months, along with longer term price targets (if they are visible).

  • RRC Range Resources Corporation
  • SWN Southwestern Energy Co.
  • UNG The United States Natural Gas ETF, LP
  • DGAZ VelocityShares 3x Inverse Natural Gas ETN
  • UGAZ VelocityShares 3x Long Natural Gas ETN
  • BOIL ProShares Ultra Bloomberg Natural Gas ETF
  • FCG First Trust ISE-Revere Natural Gas Index ETF
  • GASL Direxion Daily Natural Gas Related Bullish 3x ETF
  • KOLD ProShares UltraShort Bloomberg Natural Gas ETF
  • UNL The United States 12 Month Natural Gas ETF, LP
Banking, Commodity Trading, Energy Stocks, Indian Stock Market, US Stock Market

Global Economic Review – 11 Oct 2014

  • World Bank cut its growth forecast for developing East Asia to 6.9% for 2014 and 2015 from 7.1% (forecasted in April).
  • US unemployment slipped to its 6-year low of 5.9% in September from 6.1% in August. Meanwhile, US non-farm payrolls increased by 248,000 in September, exceeding the market consensus of 210,000. As a result, the Dollar was close to its 4-year high.
  • The US Fed in its FOMC minutes (September 16-17) said that the current stance is appropriate amid concerns of global growth and the possibility of a stronger Dollar weighing on the US economy.
  • European Central Bank (ECB) maintained status quo with key policy rate unchanged at 0.05%. It unveiled the details of its purchases of asset-backed securities and covered bonds, scheduled to commence from mid-October.

    • Continue reading Global Economic Review – 11 Oct 2014 →