Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

dude iligence Friday, 03/04/16 12:57:46 AM
Re: blindjohn post# 14732
Post #
14735
of 15038 Go
blindjohn not sure how or where $1.6 came from. Sounds like something some writer pulled out of his azz. "*important support level of $1.60* per MMBtu. Prices hit this mark in 1995."

Prices hit $1.58, $1.45, $1.39, $1.33 and $1.25 in 1995.

We may see an interim low with a bounce up to no higher than $1.83 followed by a lower low. Or NG may keep dropping and fall off the cliff Sunday night cause the weather is to mild for Heating and not hot enough for AC and its only March.

No position in NG waiting patiently. Better play is the oil/ng producers which Dr brought to our attention last week. $28k invested in GUSH 6 days ago now worth $43k. 13k invested in SGY now worth $24k