Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[dude iligence]

$natgas is tracking Nov contract which expires this Thurs. DGAZ/UGAZ are tracking Dec contract(roll 5th trading day each month 20% per-day till complete). Nov is selling off as it nears expiration Dec not so much creating huge contango, .451 at time of post.

NGX16 (Nov '16) 2.884 -0.109 3.007 3.044 2.852 2.993 88,396 10:38
NGZ16 (Dec '16) 3.335 -0.026 3.387 3.403 3.300 3.361 79,937

http://www.barchart.com/commodityfutures/Natural_Gas_Futures/NG






Dec





To see Dec realtime click link investing now tracking Dec

http://www.investing.com/commodities/natural-gas

When the vol of Dec increases above Nov contract stockcharts will change the $natgas chart to Dec and a huge candle will paint showing a massive gain which won't exist. This usually pressures NG to trade lower, but as r59 post show not the case in Nov expiration in 2010



2010 $natgas chart shows that stockcharts let the contract expire then open the next day at new contract price creating huge gaps. Stockchart now rolls to the fwd month at EOD eliminating the gaps but painting big candles depending on contango/backwardization. We may see this today or tomorrow.

2010 nov dec