Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a draw of 192 Bcf versus expectations for a draw of 192 Bcf and the 5 year average of 146 Bcf.

NG (Mar) rises from $2.78 to $2.81/mcf when the news hits.

Current storage is 2,689 Bcf which is 198 Bcf above the five-year average of 2,491 Bcf.

[researcher59]

EIA reports a draw of 128 Bcf versus expectations for a draw of 136 Bcf and the 5 year average of 174 Bcf.

NG (Mar) drops from $2.68 to $2.64/mcf when the news hits.

Current storage is 2,881 Bcf which is 244 Bcf above the five-year average of 2,637 Bcf.

I did not post last week .... the aggregate draw for the two week period was 26 Bcf less than the 5 year average.

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[researcher59]

EIA reports a draw of 134 Bcf versus expectations for a draw of 127 Bcf and the 5 year average of 151 Bcf.

NG (Feb) drops from $2.77 to $2.74/mcf when the news hits.

Current storage is 3,196 Bcf which is 218 Bcf above the five-year average of 2,978 Bcf.

[price_and_volume]

Thanks for the response

I've mentioned here or elsewhere that futures are the better vehicle, and the minis that came online years ago make the futures easily accessible, altho I they may not suit everyone.

GL!

[researcher59]

I don't trade UGAZ, but I continue to trade NG futures .... so I use this board only to keep record of the weekly EIA reports which I sometimes go back to reference. For me it's a useful history going back several years that's relevant to my NG futures trading.

[price_and_volume]

Curious why you haven't moved to $BOIL board?

Are you expecting UGAZ & DGAZ to eventually come back... or something else?

$BOIL and $KOLD boards could use a guy like researcher59...

https://investorshub.advfn.com/ProShares-Ultra-DJ-UBS-Natural-Gas-(2x)-BOIL-22441/

https://investorshub.advfn.com/ProShares-UltraShort-DJ-UBS-Natural-Gas-(-2x)-KOLD-22442/

[researcher59]

EIA reports a draw of 130 Bcf versus expectations for a draw of 128 Bcf and the 5 year average of 125 Bcf.

NG (Feb) rises from $2.71 to $2.74/mcf when the news hits.

Current storage is 3,330 Bcf which is 201 Bcf above the five-year average of 3,129 Bcf.

[researcher59]

EIA reports a draw of 114 Bcf versus expectations for a draw of 125 Bcf and the 5 year average of 102 Bcf.

NG (Feb) drops from $2.48 to $2.46/mcf when the news hits.

Current storage is 3,460 Bcf which is 206 Bcf above the five-year average of 3,254 Bcf.

[researcher59]

EIA reports a draw of 152 Bcf versus expectations for a draw of 160 Bcf and the 5 year average of 127 Bcf.

NG (Jan) drops from $2.69 to $2.64/mcf when the news hits.

Current storage is 3,574 Bcf which is 218 Bcf above the five-year average of 3,356 Bcf.

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[researcher59]

EIA reports a draw of 122 Bcf versus expectations for a draw of 120 Bcf and the 5 year average of 105 Bcf.

NG (Jan) drops from $2.70 to $2.67/mcf when the news hits.

Current storage is 3,726 Bcf which is 243 Bcf above the five-year average of 3,483 Bcf.

[researcher59]

EIA reports a draw of 91 Bcf versus expectations for a draw of 83 Bcf and the 5 year average of 61 Bcf.

NG (Jan) spikes higher from $2.45 to $2.56/mcf when the news hits.

Current storage is 3,848 Bcf which is 260 Bcf above the five-year average of 3,588 Bcf.

[Doubledown75]

M1 money supply.....$6.5 trillion now. We added $2.5 trillion in 10 months....or $1 trillion in a month lol
Natty will be revalued along with every commodity on earth.

[tmorr55]

Thanks r59...gonna get some low 9s...possibly upper 8s in UNG and just sit on them. We'll get some kind of move back up over the next couple of mos. Nice buying opp for NG, me thinks

[researcher59]

EIA reports a draw of 1 Bcf versus expectations for a draw of 12 Bcf and the 5 year average of 41 Bcf.

NG (Jan) drops from $2.55 to $2.53/mcf when the news hits.

Current storage is 3,939 Bcf which is 290 Bcf above the five-year average of 3,649 Bcf.

[nssrr5]

I really don’t know and was kidding. I may buy BOIL but not here.

[molee]

Can you ?

[nssrr5]

Is it time to buy again lol.

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[DBS]

Agreed! I'm thinking the same thing.

[researcher59]

Warm weather has been holding NG prices down, but it's starting to look colder for December .... NG might soon be back over $3/mcf.

[researcher59]

EIA reports a draw of 18 Bcf versus expectations for a draw of 18 Bcf and the 5 year average of 37 Bcf.

NG (Jan) drops from $2.90 to $2.89/mcf when the news hits.

Current storage is 3,940 Bcf which is 250 Bcf above the five-year average of 3,690 Bcf.

[DBS]

Thanks for keeping up with these updates researcher! Much Appreciated.

[researcher59]

EIA reports a build of 31 Bcf versus expectations for a build of 15 Bcf and the 5 year average draw of 24 Bcf.

NG (Dec) drops from $2.58 to $2.55/mcf when the news hits.

Current storage is 3,958 Bcf which is 231 Bcf above the five-year average of 3,727 Bcf.

[researcher59]

EIA reports a build of 8 Bcf versus expectations for a build of 1 Bcf and the 5 year average build of 33 Bcf.

NG (Dec) drops from $3.04 to $3.02/mcf when the news hits.

Current storage is 3,927 Bcf which is 176 Bcf above the five-year average of 3,751 Bcf.

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[researcher59]

EIA reports a draw of 36 Bcf versus expectations for a draw of 26 Bcf and the 5 year average build of 52 Bcf.

NG (Dec) rises from $3.08 to $3.10/mcf when the news hits.

Current storage is 3,919 Bcf which is 201 Bcf above the five-year average of 3,718 Bcf.

[Taurus69]

$ugaz $10.82 ? 0.0 (0.00%)
Volume: 0 @-

[researcher59]

EIA reports a build of 29 Bcf versus expectations for a build of 37 Bcf and the 5 year average of 67 Bcf.

NG (Dec) rises from $3.18 to $3.23/mcf when the news hits.

Current storage is 3,955 Bcf which is 289 Bcf above the five-year average of 3,666 Bcf.

[tmorr55]

Thanks researcher! I see that's the case.

[Doubledown75]

Cold winter and the USD is revalued.....sky’s the limit

[kei]

i see!!! thank you for your feedback!!!

[researcher59]

I trade the NG futures so I just roll over my positions depending on price, storage, etc.

The higher price going forward to from Nov to Dec is normal .... late winter prices can rally or plunge depending on supply which is strongly related to how cold or warm the winter was.

The roll over itself doen't not effect ETF prices.

[tmorr55]

Hey rs59...another question for you, if you would indulge me a bit further. I have never held a position during a contract rollover, but how does the new pricing in the Dec contract effect your equity position? NG closed around 2.93 and is now at the Dec pricing at 3.17 on investing.com. I assume there is no change in equity. Please advise and again, thx as always!

[tmorr55]

I've traded KOLD but for some reason haven't traded BOIL. Just familiarity with price ranges on UNG, Don't particularly like the spreads on the bid and ask on both KOLD and BOIL, I guess. I'd never touch UGAZF any longer.

[price_and_volume]

Is there a reason you don't trade $BOIL?

ugazf & dgazf have died, and the volume has moved to $BOIL & $KOLD as I previously posted.

Just curious why folks continue here where there's no longer any liquidity?

[tmorr55]

Thanks for the reply, rs59. I appreciate your ongoing posts here despite the lack of activity since UGAZ went to the OTC. I have a half position in UNG at 12.08. Just wanted to prepare for a gap down tomorrow but a gap up would be ok too At any rate, NG should continue up into the 3s in the upcoming weeks and for once I want to be onboard with a good position size for the ride back up. Jusy not sure how far they may retrace before the move back up and wondering how far up into the 3s to expect by January with the issues of storage levels, production and the pandemic etc. There are always many working parts to the NG trade as you know! Not expecting $4 this winter, but you never know!

[researcher59]

Build was only a bit smaller than expected and NG had a big rally the past few days, so profit taking on the news I assume. Build and injection are often used interchangably, but context matters.

[tmorr55]

Hey rs59, I had a question for you. If the build was lower than expected, why did NG price drop? I am a little confused about the difference between build and injection, I guess. I thought a build was the level of inventory and if the build increases there is more NG in storage, hence a lowering of prices. Could you clarify the terms build and injection for me? Thanks in advance!

[researcher59]

Might be a bit late with NG over $3, but with a cold winter NG could hit $4.

[kei]

hi to all :) is UGAZF a buy at current price? its gone up big lately.
thank you for your feedback.

[researcher59]

EIA reports a build of 49 Bcf versus expectations for a build of 52 Bcf and the 5 year average of 75 Bcf.

NG (Nov) drops from $3.03 to $3.01/mcf when the news hits.

Current storage is 3,926 Bcf which is 327 Bcf above the five-year average of 3,599 Bcf.

[DBS]

Exactly! Plus, the rig count is only 73 vs 137 last year at this time!! Has to move towards $3.00+ pretty soon. Not too far away now...

[researcher59]

Yeah, an excellent report with more good reports expected in the weeks ahead. Production is way down from a year ago and the surplus will be coming down steadily.

I'm long NG in the futures market.

[DBS]

Looks pretty Bullish to me!! Jumped in UNG yesterday. Can't seem to stay away from NG! LOL

[researcher59]

EIA reports a build of 46 Bcf versus expectations for a build of 55 Bcf and the 5 year average of 87 Bcf.

NG (Nov) rises from $2.79 to $2.82/mcf when the news hits.

Current storage is 3,877 Bcf which is 353 Bcf above the five-year average of 3,524 Bcf.

[researcher59]

EIA reports a build of 75 Bcf versus expectations for a build of 73 Bcf and the 5 year average of 86 Bcf.

NG (Nov) rises from $2.58 to $2.61/mcf when the news hits.

Current storage is 3,831 Bcf which is 394 Bcf above the five-year average of 3,437 Bcf.

[price_and_volume]

The volume has moved to $BOIL & $KOLD

Both are 2X vs UGAZ/DGAZ 3x.

Both BOIL & KOLD have options, if you feel 2X just doesn't have enough juice.

The option-volume & OI are a bit thin, but somebody's trading them.

Imo the futures are better, and the mini-natty contract is easily do-able.

But if you don't trade futures, and have an interest in the options, here's a screenshot of BOIL calls expiring next Fri. After that you roll to Nov 20th expiries.

[wewantutopia]

UGAZ is UGAZF now