UNG Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: The UNG historical volatility reveals potential for upside driven by geopolitical tensions and supply constraints. Recent price increases reinforce bullish optimism.




Bearish Case: Backwardation in term structure and high short-term implied volatility suggest possible economic slowdown or oversupply fears leading to downward pressure on prices.




Potential Outcomes:
  • 30% Upside: Driven by geopolitical tensions affecting supply lines.
  • 40% Neutral: Stabilization with minimal price changes expected.
  • 30% Downside: Potential economic slowdown impacting demand.



May 08, 2025


United States Commodity Funds Forecast

UNG        United States Commodity Funds











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Uncorrelated Assets

Assets with little price relationship to UNG



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VT Forecast + Options Trading Strategies   VT  Vanguard Group, Inc. - Vanguard Total World Stock (-0.0)


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SMMT Forecast + Options Trading Strategies   SMMT  Summit Therapeutics (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against UNG



CMCSA Forecast + Options Trading Strategies   CMCSA  Comcast (-0.7)


PHM Forecast + Options Trading Strategies   PHM  PulteGroup (-0.71)


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (-0.71)


ITB Forecast + Options Trading Strategies   ITB  BTC iShares U.S. Home Construction (-0.74)


KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.95)









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