Natural Gas ETFs Rallying Hard on Cold Snap: Can It Continue?

Natural gas-based exchange-traded fund United States Natural Gas Fund LP (UNG) has gained 7% over the past month and is up 11% over the past week (as of Dec. 24, 2024). Leveraged natural gas ETF ProShares Ultra Bloomberg Natural Gas (BOIL) has surged 21.3% over the past week. The rally wasdriven by forecasts of colder weather and trader expectations for higher demand in January.Technical Resistance and Potential Price TargetsNatural Gas (Henry Hub) is currently trading at a level of $3.80 an is hovering aro ...