U.S. production of natural gas is increasing although prices have remained stagnant, MarketWatch reported Monday. [ETF Chart of the Day: Natural Gas]
On Friday, there was more bullish call buying in options on U.S. Natural Gas Fund, said Paul Weisbruch, head of ETF/options sales and trading at Street One Financial.
“Given the seasonality of natural gas and the fact that the commodity ETF is trading currently near multi-year lows, it appears that the call buyers are poised for upside in coming months,” he said.
U.S. Natural Gas Fund
