Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[sumotrader]

Natgas futures open flat instead of gapping up like many longs were predicting. I will continue to short UGAZ tomorrow and Tuesday if gas does pop.

NASA is calling this El Nino the strongest ever recorded with warmer sea and air temps as well as extreme and unpredictable weather for months to come. I see no fundamental reasons for natgas to continue this parabolic move upwards.

Good luck to all in 2016