United States Natural Gas Fund Being Accumulated By Large Players

United States Natural Gas Fund

The United States Natural Gas Fund is being accumulated by large players. Furthermore, large call option buying was detected in UNG on Thursday, August 31, 2017. Traders acquired 28,416 call options on the stock. This represents an increase of 245% compared to the average volume of 8,237 call options. I bought some UNG in my personal trading account this morning.

United States Natural Gas Fund had a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 53,619,325 shares, a decrease of 25.9% from the July 31st total of 72,332,529 shares. The current short interest days to cover metric is at 7.7 days.

United States Natural Gas Fund Chart

United States Natural Gas Fund

UNG is in a continuation pattern as it chops higher. Today’s gap down open took it right back to the $6.60 uptrend line support. The most bullish indicator though is the rising Twiggs Money Flow which supports the rising large players volume. The rising Twiggs Money Flow and large players volume suggests big players are accumulating UNG in the $6.60 area.

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Lance Jepsen

For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.
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    Author: Lance Jepsen

    For ethical purposes, I try not to hold any position in any stock I profile on GuerillaStockTrading.com unless specifically stated in the article. Owner of GuerillaStockTrading.com. Seasoned entrepreneur, investor, and writer. I love God, family, country, stock trading, economics, and helping people learn how to trade.