23.90Open18.90Pre Close1 Volume1 Open Interest51.00Strike Price2.39KTurnover0.00%IV-0.11%PremiumJul 26, 2024Expiry Date23.98Intrinsic Value100Multiplier0DDays to Expiry0.00Extrinsic Value100Contract SizeAmericanOptions Type--Delta--Gamma3.14Leverage Ratio--Theta--Rho--Eff Leverage--Vega
ProShares UltraShort Bloomberg Natural Gas Stock Discussion
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Gas has also dropped below the important support level at $2.52, its lowest swing on May 31st while the Relative Strength Index (RSI) has turned south.
Therefore, the outlook for natural gas is bearish, with the next point to watch being at $2, which is about 18% below the current level. If this forecast is accurate, it then makes sense to invest in the ProShares UltraShort Natural Gas ETF (KOLD).
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