UGA Forecast


Bullish Case: With UGA exhibiting a robust long-term growth trend and upcoming favorable volatility conditions, a sustained price increase is likely. The term structure and historical returns suggest a bullish outlook as confidence in oil market stabilization grows.


Bearish Case: Recent flat price action combined with high put option volume indicates potential market skepticism. High implied volatility suggests oversupply or market corrections may lead to significant downside risks for UGA.


Potential Outcomes:

1. Price increases to $70 (60%);

2. Price stabilizes around $66 (25%);

3. Price decreases below $65 due to volatility (15%). These outcomes reflect historical patterns and current market sentiment.


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July 25, 2024


United States Commodity Funds Forecast

UGA      United States Commodity Funds











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Assets that tend to move strongly against UGA



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