Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Windbag1014]

It looks like your prediction continues to hold true. The CNBC talking head was saying that traders were worried that inventory levels were below what is needed even with the higher weekly injections.

Today's Nat Gas injection increase of only 82 bcf validates my point made earlier that the injections this season will not be enough to make up for last year's withdrawals & return to a minimal 5 year avg basis for storage. We need to average 110+ bcf per week thru October 2014 (see EIA website).
So buy major dips on the UGAZ the next couple months as I've pointed out using specific scale-in strategy price points (such as started UGAZ @ 13-14 since late July, then plan contingent scale-in @ 11-12, & possibly again @ 9-10 if possibility of more weakness develops before winter).
My speculation is 20's minimum on UGAZ (nat gas to 4.30+) this winter with good chance to 30-40 area on UGAZ (nat gas to 5-6 again).