Natural Gas ETF Falls Below 200-Day Trend for First Time in Three Months
Posted on January 02, 2013 at 16:55 PM EST
United States Natural Gas Fund (NYSEArca: UNG) dropped 3.5% Wednesday to fall below the 200-day simple moving average for the first time since September. Relatively warm winter temperatures and lingering supply glut worries are pressuring the commodity’s price. UNG, the natural gas ETF, was...