Thx for sharing that. I often state my own personal preference to trade futures over the ETNs that track the futures but I post the commodity tracking ETNs & ETFs for those that don’t have a futures account.

With that being said, while UNG might have its negatives as with any commodity tracking ETN, I’ve found it to generally do a fairly well job of tracking the price of nat gas during the bull & bear runs.

Its a good point. same goes on the futures. it creates a gap, but no value is gained or lost as you have to roll your position to the new contract at whatever the price is.