Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[wz9ytp]

Yesterday 1/3 of the power on the JPM was coal generated. Coal wind and solar are taking more and more of the market share with NG »$3.

I think i'll be buying D today to hold for a week or so. I'm expecting to see NG drop to at least 2.90 from here. So.... say from $3.042 to $2.90 on the current contract = 4.8% drop plus current contango decay at +- 2%... so 7% drop from here at the moment. Giving 21% potential from D's current $22.89.....

Probably get more though (or cheaper D) right before inventory during the stop hunt.

Best of luck in your trades!