Ung stock price despite a slight retreat to $5

Despite a slight retreat to $5.24, the ung stock price maintains relative strength against sector peers. Traders highlight that recent ETF rebalancing has enhanced UNG’s tracking accuracy to underlying gas contracts. All funds structured to automatically roll their futures contracts are exposed to the phenomenon of contango when the price of the commodity is rising. When the price of the commodity is falling and futures contracts are getting less expensive, that’s called backwardation. Contango has been hitting UNG and BOIL all year, but the funds have only recently started to see big outflows. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United States Natural Gas Fund wasn't on the list. The ung stock price is holding in bullish territory, backed by steady support from commodity hedge funds. Technical traders continue to monitor key Fibonacci retracement levels for confirmation of trend direction.