Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[researcher59]

Warm weather forecasts extending out a few weeks are certainly weighing on NG prices. Celsius is forecasting a total injection of 203 Bcf over the next 4 reports which would put storage at a record 4039 Bcf. Furthermore, it would represent a 23 Bcf increase in the surplus versus the 5 year average, putting it at 208 Bcf.

Obviously the injection forecast is weather dependent and is updated daily. It could change dramatically. Time will tell.