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3 Stock Plays for the Natural Gas Bull Market

Alan Farley

The natural gas futures contract has completed a multi-year bottoming pattern near $3.00 per million British thermal units (MMBtu) and broken out above 2016 resistance, entering the first bull market since 2008. Geopolitical tensions, low inventories and weather-related demand have been cited for the new uptrend, which is unfolding at the same time that crude oil and other physical commodities are posting multi-year highs. Sadly, the US Natural Gas Fund ( UNG) doesn't show this secular breakout following years of contango.