Velocityshares 3X Long Natural Gas ETN (UGAZ)

[undtrdr]

It will likely consolodate here for a bit before another push but I don't see much resistance to that 2.40ish zone on the $NATGAS WEEKLY chart some minor @ 2.22 and 2.32 then 2.37 is the 50MA ... there is very strong support just above $2 after that area was resistance for weeks imo
Extremely bullish DAILY with upper bollie as the first support @ 2.05 and rising rapidly I could see it possibly staying above upper bollie for a run just like the agriculture commodities have and are doing this past week
I have no position in UGAZ - trading Futures & just added on this dip if it holds it is a higher low on the day