UNG Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: UNG's call option volume surpasses put options, indicating bullish sentiment with potential support from geopolitical tensions enhancing demand.




Bearish Case: High implied volatility and backwardation reflect market instability, suggesting a risk of further declines if economic challenges persist.




Potential Outcomes:
  • 40% chance of 15% upside due to geopolitical tensions and demand spikes.
  • 35% chance of price stability if current trends persist.
  • 25% chance of a 10% decline due to economic slowdowns.



June 11, 2025


United States Commodity Funds Forecast

UNG        United States Commodity Funds











Correlated Assets

Assets that tend to move strongly with UNG



BB Forecast + Options Trading Strategies   BB  BlackBerry (0.7)


CNP Forecast + Options Trading Strategies   CNP  Centerpoint Energy (0.66)


CPER Forecast + Options Trading Strategies   CPER  United States Commodity Funds LLC - United States Copper Index (0.63)


TPR Forecast + Options Trading Strategies   TPR  Tapestry (0.62)


BXSL Forecast + Options Trading Strategies   BXSL  Blackstone Secured Lending Fund. (0.61)



Uncorrelated Assets

Assets with little price relationship to UNG



VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.0)


ABNB Forecast + Options Trading Strategies   ABNB  Airbnb (-0.0)


ANET Forecast + Options Trading Strategies   ANET  Arista Networks (-0.0)


SLS Forecast + Options Trading Strategies   SLS  SELLAS Life Sciences (-0.01)


AYI Forecast + Options Trading Strategies   AYI  Acuity Brands (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against UNG



EIX Forecast + Options Trading Strategies   EIX  Edison International (-0.74)


LMT Forecast + Options Trading Strategies   LMT  Lockheed Martin (-0.74)


SIG Forecast + Options Trading Strategies   SIG  Signet Jewelers (-0.75)


FAST Forecast + Options Trading Strategies   FAST  Fastenal (-0.8)


KOLD Forecast + Options Trading Strategies   KOLD  ProShares UltraShort Bloomberg Natural Gas (-0.92)









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