Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Swing Party]

I sold my 11.83s too early - but i made $.
I think this is a technical rally; the result of a long consolidation and the promise of cold weather to come. As Dude illigence always says "it's gonna be a long cold winter". I don't think the report was bullish at all. I think ng is still in consolidation. So much so that i am averaged in D at 22.39.
Next week's report will likely push storage over 3400bcf with 7 weeks left to go. If injections are normal the season should end with over 3800 bcf. Not bullish.
In short, I think it goes down again before blastoff, but i could be wrong....