Thursday, June 12, 2014

Natural Gas Equities ETF Hits Three Year High (FCG; GASL)

$23.08 up 1.36% with a daily top-tick of $23.24. The last time it traded this high was Apr 11, 2011.
Our preferred natty trade has been either longer-dated futures or the longest-dated instrument, equities.
For the latter the proxy we've been publishing is the First Trust ISE-Revere Natural Gas Index ETF (FCG)

We started pitching this idea back in January, see below.
Chart forFirst Trust ISE-Revere Natural Gas Idx (FCG)
For the truly maniacal the Direxion  Daily Natural Gas Related Bull 3x ETF (GASL) "seeks daily investment results, before fees and expenses, of 300% the performance of the ISE Revere Natural Gas Index".

Previously:
Natural Gas Equities Heading Higher, GASL ETF Up 6% on the Day (FCG; GASX; GASL)
Why We Suggested Buying Natural Gas Equities (FCG)