UNG has not traded above its 200-day moving average since mid-June. The fund has not traded above its 50-day line since May, though it is less than 1% away from reclaim that moving average.
Investors looking for an equity-based play on natural gas producers can consider the First Trust ISE-Revere Natural Gas Index Fund (NYSEArca: FCG), which holds oil and natural gas exploration and production companies. FCG has traded in a tight range over the past few weeks, indicating it needs to move above the $17.80 area encourage fresh buying.
U.S. Natural Gas Fund
ETF Trends editorial team contributed to this post.