Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Rock_nj]

What is your point? Nat gas and UGAZ did rally ahead of and during the November arctic outbreak. UGAZ made a 80% move higher in a matter of weeks from about $10 to $18. A great trading opp for those that traded it. The one thing I have learned is that nat gas tends to trade in anticipation of weather. Just last week nat gas had a huge draw report for November that beat consensus estimates, yet it sold off, because traders were looking towards warmer weather that started showing up on weather forecasts for December. That's how nat gas futures tend to trade.