Direxion Daily Nat Gas (GASX)

[THREE-DAY-TRADER]

Also started an initial position just under 13.50 a little bit ago into GASX.
It might get to 12's yet, or even 10 at worse case scenario if Oil heads towards 45's, and if GASX does that, I'll contingently add once more given the circumstances i see for this, as I don't see this as a never ending falling knife (like JDST). I see a nice reversal trade here potentially. At the least a nice multi-day quick flip (at least a 2+ day move upward back above 15-18 area or more)

Also interested in RUSS, BZQ, maybe DWTI.
But I prefer to short oil/energy right now thru the stocks.
A lot more downside risk with oil/gas companies right now (and in stock market in general), and if an oil break down does occur soon, the gas/oil stocks likely will move down at a rate better than Crude Oil for %.