Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

From my previous post i targeted just above $4. Its come this far why not hit an area of resistance. Looks like blindjohn has same area 4-4.1. If someone has a profit in ugaz nothing wrong with taking a profit vs waiting for ng to squeeze out another .25.The storage is now below 5yr average. Demand is increasing for many reasons while supply decreased. I havent looked at wx lately, on ski trip,only cellphone. Who knows if wx gets real cold and the big draws continue ng may go well into the $4s this winter. Ugaz/dgaz will be tracking mar soon then april in feb. Those fwd spring months usually dont make as big of a % move as jan feb do on cold wx. As far as buying ugaz at this level i wouldnt, but wait for a dgaz entry.