(UNL) United States 12 Month - Ratings and Ratios

The United States 12 Month Natural Gas Fund LP (NYSE ARCA: UNL) is a commodity-focused exchange-traded fund (ETF) designed to track the price of natural gas futures contracts. The funds Benchmark Futures Contracts are selected based on the near-month contract traded on the New York Mercantile Exchange (NYMEX), along with the next 11 consecutive months contracts, totaling 12 contracts. This structure is adjusted when the near-month contract is within two weeks of expiration, ensuring continuity and avoiding the volatility associated with contract rollover. The fund provides exposure to natural gas prices without the need for direct futures trading, making it accessible to retail and institutional investors seeking commodity exposure in their portfolios.

From a technical standpoint, UNL is currently trading at $10.66, with a 20-day moving average of $9.74 and a 50-day moving average of $8.97. The 200-day moving average stands at $8.00, indicating that the fund has been in an uptrend over the past year. The Average True Range (ATR) of $0.32 suggests relatively low volatility in recent trading sessions. The funds average 20-day volume is 49,429 shares, reflecting moderate liquidity. With assets under management (AUM) of $17.78 million, UNL is a smaller ETF in the commodities space, which may result in tighter bid-ask spreads but could also limit its appeal to larger institutional investors.

Over the next three months, UNLs performance will likely hinge on the interplay of technical and fundamental factors. Technically, if the funds price maintains its position above the 50-day moving average ($8.97) and continues to build momentum, it could test resistance levels near $12.00. Conversely, a breakdown below the 50-day SMA could signal a reversal, with potential support at $8.00. On the fundamental side, natural gas prices are influenced by weather patterns, supply-demand dynamics, and geopolitical developments. Without specific data on these factors, the outlook remains neutral, though the funds small AUM suggests it may be more sensitive to price fluctuations in the underlying commodity.