Naturaꦫl gas prices have been on fire over the past three months due to a stockpile shortage, an unseasonably warm fall that has led to higher-than-usual power demand and nuclear power plant outages in the Carolinas caused by Hurricane Florence.

Commodity analysts believe that the upcoming winter is likely to determine how the stockpile shortage plays out into 2019. Michael Cohen, head of energy markets research at Barclays, , "If winter weather comes in mild, then this current storage shortfall is a speed bump on the way to a looser market in 2019. If cold weather comes to fruition, though, the tenor of the 2019 outlook is fundamentally changed, and the market will spend a good portion of next year just diꦓgging out of the storage deficit."

Those who wish to trade the commodity should keep an eye on these three 澳洲幸运5开奖号码历史查询:exchange-traded funds (𓆏ETFs). Let's look at several 🎶tactical trading ideas.

澳洲幸运♏5开奖号码历史查询:VelocityShares 3x Long Natural Gas ETN (UGAZ)

The VelocityShares 3x Long Natural Gas ETN, created in February 2012, attempts to provide three times the daily performance of the S&P GSCI Natural Gas Index. The fund invests in natural gas producers in 澳洲幸运5开奖号码历史查询:Organization澳洲幸运5开奖号码历史查询: for Economic Co-operation and💧 Development (OECD) countries. UGAZ has returned an impressive 49.67% over the past three months – in the past month alone, it has returned 17.21% as of Oct. 25, 2018. The ETN charges an annual 澳洲幸运5开奖号码历史查询:management fee of 1.65% –𓆏 higher than the 0.99% category♏ average.

The fund's price traded in a roughly 20-point range between March and August before staging a strong rally in September. The price is forming a pennant pattern on the far right-hand side of the chart, which suggests continuation to the upside. Traders should look for an 澳洲幸运5开奖号码历史查询:entry point above the pennant's upper 澳洲幸运5开奖号码历史查询:trendline, with a 澳洲幸运5开奖号码历史查询:stop-loss order sitting near the 50-day 澳洲幸运5开奖号码历史查询:simple moving average (SMA). Profits could be taken at the $115 level using the measured moved technique – simply calculating the move that proceeded the pennant and adding it to the 澳洲幸运5开奖号码历史查询:breakout point ($25 + $90).

澳洲幸运5开奖号码历史查询:ProShares Ultra Bl💦oomberg Na🍌tural Gas ETF (BOIL)

Launched in 2011, the ProShares Ultra Bloomberg Natural Gas ETF seeks to match twice the daily returns of the Bloomberg Natural Gas Subindex. The tracked index reflects the price performance of natural gas 澳洲幸运5开奖号码历史查询:futures contracts. As of Oct. 25, 2018, the fund has returned 12.92% over the past month and 29.98% over the past three months. BOIL has an 澳洲幸运5开奖号码历史查询:expense ratio of 1.31%.

The ETF pushed above trading range 澳洲幸运5开奖号码历史查询:resistance between $30 and $31 on above-average volume that gives the breakout validity. Natural gas bulls should also be encouraged by the recent "澳洲幸运5开奖号码历史查询:golden cross" – when the 50-day SMA crosses above the 200-day SMA – which suggests a trend change to the upside. Traders should consider taking an entry on a breakout above the pennant pattern that has been forming throughout October. Traders could book profits at the $43 level using the measured move method ($7 + $36) and set a stop below the 澳洲幸运5开奖号码历史查询:candlestick that broke away from the previous day's doji on Oct. 1.

澳洲幸运5开奖号码历史查询:United States Natural Gas ETF (UNG)

Formed in April 2007, the United States Natural Gas ETF holds natural gas 澳洲幸运5开奖号码历史查询:front-month futures and swaps. The ETF has a low average spread of 0.04%, which makes it a suitable instrument for both day and 澳洲幸运5开奖号码历史查询:swing trading🎃. It has a reasonable annual management fee of 0.7%. UN𒈔G has a one-month return of 5.94% and a three-month return of 16.4% as of Oct. 25, 2018.

UNG made a 澳洲幸运5开奖号码历史查询:year-to-date high in October, something that both UGAZ and BOIL have been unable to achieve so far this month. Rising volume accompanied the September/October move higher, which suggests 澳洲幸运5开奖号码历史查询:institutional interest in the fund. The ETF's price looks to be 澳洲幸运5开奖号码历史查询:consolidating in a pennant before its next push higher. Traders could think about going long on a break above the pattern's upper trendline with a stop-loss order sitting just below the Oct. 1 low. The measured move method projects a 澳洲幸运5开奖号码历史查询:profit target at the $30 level ($3 + $27).