Velocityshares 3X Long Natural Gas ETN (UGAZ)

[tmorr55]

wz...I think the draw this week is priced in at this level. They still have such a surplus from a warm winter that even a bullish draw this week won't be a major game changer for NG over the course of the shoulder season. As far as nuke shutdowns...not sure how much of a factor that will be...alternative energy and coal are eating into NG usage, so maybe they will cancel each other out. Haven't looked into it much. Overall point here is, if seasonality is still a factor, then downside for NG beyond this week to be expected. JMHO