UNG Forecast




Price Forecast:


Bearish<->Bullish




Bullish Case: A strong winter demand combined with geopolitical tensions could drive natural gas prices higher, supported by rising implied volatility indicating potential price recovery.




Bearish Case: Economic slowdowns and mild weather forecasts may suppress demand for natural gas, leading to additional price declines as reflected in high short-term option sell volume and low trading activity.




Potential Outcomes:

1) 40% chance of a 15% price rise driven by winter demand.

2) 35% chance of static prices.

3) 25% chance of a 10% downturn due to economic factors.




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November 19, 2024


United States Commodity Funds Forecast

UNG        United States Commodity Funds











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