ProShares Ultra Bloomberg Natural Gas was the biggest decliner after giving up 23.03% yesterday United States Natural Gas Fund LP (down 12.45%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.
European session in progress; markets are rising as FTSE is up by 0.28%, hitting 7,952.

A reminder of where yesterday ended before today's session begins: markets did not have a clear cut direction — Dow Jones gained 0.12% and closed at 33,431. Nasdaq closed at 11,676 after a flat day.

US markets are currently closed but will resume today in around 2 hours time. European markets are showing gains. Asia-Pacific markets closed higher today whilst ASX 200 added 0.49% to trade at 7,364.7.

3Rd quarter earnings season is mostly over, with Ciena Corporation and Nutanix, Inc. releasing their earnings reports just this week.

Ambiguous macro data is influencing the market as United States Factory Orders released yesterday at 15:00 UTC is better than expected at -1.6% but down from preceding data of 1.7% according to new data.

Data to be released today might clear up some of the market fog as projections for United States Crude Oil Inventories are set for a continuation of decline with -308,000 while previous data was 1.17 million; data will be released tomorrow at 15:30 UTC. United States ADP Nonfarm Employment Change (Feb) will be released tomorrow at 13:15 UTC. United States JOLTs Job Openings (Jan) is expected tomorrow at 15:00 UTC.

With price action largely muted in yesterday's session, several assets struggled to find momentum as ProShares Ultra Bloomberg Natural Gas lost 23.03% yesterday before closing at $6.05. United States Natural Gas Fund LP (down 12.45%), iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF (down 0.039%) also underperformed yesterday.

United States Natural Gas Fund LP | Closed $1.23 (-12.45%) lower at $8.65

A tough session dominated by bearish sentiment left UNG $1.23 lower, while setting a $8.37 to $8.77 session range.