"After enduring one of the worst slumps on record, we're beginning to see a rebound in all major commodities market," says Lee Lowell, adding "But one commodity stands out in particular -- natural gas."
In Xcelerated Profits Report, he explains, "This could represent the best buying opportunity in several years." Here's his review of the United States Natural Gas Fund (NYSE: UNG).
"As it so often does, it's no surprise to see the energy market leading commodities higher over the past few weeks -- specifically, crude oil and natural gas.
Here's an idea if you are worried about your heating bills this winter. The price of natural gas is crashing. The price decreases last week continued a down trend that's gone on for six months. Why? The economic downturn slows demand for gas and many companies are announcing layoffs and closing plants around the country. Reduced prices for natural gas are also a result of growing capacity in the U.S. because of increases in production at new fields. Natural gas prices are at multi-year lows falling from 65% from more than $13.31 per MMBtu (the way gas is measured) in July 2008 to under $5 -- the lowest since October 13, 2006.
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