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Thursday, January 01, 2015 11:52:07 AM
I also think many were attracted to UGAZ (myself included) by the nice run it had last winter and expected similar this winter. Unfortunately a warm December put a damper on things.
As for future performance I would hope we are near bottom here for the winter. I won't go into price predictions as I honestly don't know what is going to happen. i would hope to see this back at 7 or 8 going into February and maybe higher if we see colder weather for an extended period of time. Things to keep an eye on are storage levels and the extended forecasts.
Below are 2 links to extended forecast resources and the last is the weekly natural gas storage report which is updated every Thursday at 10:30 a.m.
http://www.accuweather.com/en/us/national/weather-forecast-maps?day=15
http://www.cpc.ncep.noaa.gov/products/predictions/
http://ir.eia.gov/ngs/ngs.html
The storage reports have been the key to the decline lately as storage went from a significant deficit to coming very close to the 5 year average because of higher production and less consumption due to warmer weather.
I'm not the most knowledgeable here but I hope this info helps. Some people who do seem to know leveraged etf's such as this one are Rock_nj, dude iligence, and HHHG. Keep an eye on their posts. Good luck to you.
All posts are my opinion based on my own DD. Always do your own research and never buy or sell based solely on anything I say.
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