United States Natural Gas Fund UNG

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

In plain words · The fund invests primarily in futures contracts for natural gas that are traded on the NYMEX, ICE Futures Europe and ICE Futures U.S.

The label

Accumulation

read at $11.16

United States Natural Gas Fund holds its Accumulation at $11.16.

PHPhase · the trend structure carries the Accumulation label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate

edge confirmed
edge broken
edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-06-14
Phase	Accumulation
Quantitative state	The statistical read favours the sellers, held for 65 days
Price	$11.16
Valuation	N/A trailing · N/A forward price to earnings
Values screen	FAIL · score 30.0
Beta	N/A

The values screen, explained · five checks, plain English

Does not pass. Financial sector: Financial

Business activity Financial sector: Financial Fail
Debt load Interest-bearing debt is of its assets, above the one-third ceiling the screen allows. Fail
Interest-bearing cash Interest-bearing cash and securities are of assets, above the one-third limit. Fail
Receivables Money owed to the company is of assets, above the 49% limit. Fail
Revenue purity of revenue comes from non-compliant sources, over the 5% line. Fail

Five checks adapted from AAOIFI screening standards — business activity plus four balance-sheet ratios. All five must pass for ethical clearance.

The trader read · the latest dated commentary

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 24%. Entered 2026-07-18 · Accumulation

The dated journal · newest first, never edited

2026-07-18 Accumulation $11.16 +0.0% Entry 3

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 28%. Our forward projection puts the odds of a 10% gain over the next month near 24%.

2026-07-03 Accumulation $11.16 +0.0% Entry 2

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Accumulation $11.16 Entry 1

The framework reads accumulation. Smart money appears to be quietly building positions. This typically precedes a markup phase. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
Period	Price then	Price return	Divs per share	$1,000 became	Total return
1 month	$11.22	+2.8%	·	$1,028	+2.8%
2 months	$10.77	+7.1%	·	$1,071	+7.1%
3 months	$13.04	-11.6%	·	$884	-11.6%
6 months	$13.08	-11.9%	·	$882	-11.9%
1 year	$16.06	-28.2%	·	$718	-28.2%
2 years	$20.19	-42.9%	·	$571	-42.9%
3 years	$24.88	-53.7%	·	$463	-53.7%
5 years	$46.16	-75.0%	·	$250	-75.0%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever UNG does next, these words stay.

United States Natural Gas Fund · UNG · Accumulation · $11.16
Recorded 2026-06-14 · before the outcome · scored mechanically

All of today's entries See the running score

United States Natural Gas Fund UNG

This entry now belongs to the ledger. Whatever UNG does next, these words stay.

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