Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[wz9ytp]

Good morning! Short to medium term, I don't think it's possible for DGAZ to hit $10. As it tracks (today) March futures x 3, from $3.65, ng would need to go to 0 (100% loss) for DGAZ to go up 300% (3.65 x 3 - 10.95$).

As Tomorr55, I think you're using ng quote on Investing.com or other mainstream website. You need to use the March 17 futures contract, calculate the % change of that contract x 3 and it should add up give or take a penny or two.

Keep in mind that this does not take into consideration Futures curves, contango now backwardation. Had you played the contango spread in Nov Dgaz went up in excess of 40% and NG did nothing (ie if you called exact top to bottom).

Hope this helps. Keep posting!!!