Velocityshares 3X Long Natural Gas ETN (UGAZ)

[balamidas]

if we do not run this week then a last visit to 2.60-2.70 will be inplay and it will go up from there

why ?like they did when they run it from 2.5 levels

http://stockcharts.com/h-sc/ui?s=%24natgas


they gave us 4 days run from 2.5 to 2.70 then retested 2.5 before Going up to 3.10

now they bottom it at 2.60-2.62 range and run it back up to 2.95 and then down to 2.74-75 the 50 ma

will they test 2.6 range before A SUMMER RALLY ??

if we don't have a strong weather report this weekend then a possible test before any run is likely


although Friday's action was strong ,with the dirt bags running this show we should expect the unexpected before they give us a nice run

they always like the double bottom before Go time

so the main Q is : was the double bottom at the 50 ma friday and boom or will it double bottom at 2.6-2.65 and Go for from there

A/C effects should start showing anytime now so if they will have to double bottom it at 2.6 levels they will have to hurry and do it fast this week

Friday session was green and this is rare for NG ! wonder why ?

run or dive from it ?

we will know by tuesday GLTA