Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[wz9ytp]

Things seem to have changed since last week. From what I've seen thus far I'm more bullish than I was last week and will be looking to unload D. Won't go back into U yet, there's wayyyy to much opportunity in equities and gold right now. Main reasons-nuclear maintenance and seasonality. Last EIA report showed supply down to 70 BCF/d from 74 last year same date. Yet nuclear shutdown expected to be 36GW was 9 GW last year. 9GW = 1.6 BCF/d. If we do the math 6.4 BCf/d will be required to compensate nuke mainentance season (March - May). Obviously, coal and wind and solar will take parts of these GW's but if we keep in mind the Mexican exports up since last year, Cheniere and all, we also have about 6 BCF/d more leaving the country than last year. Gonna be watching closely today's report but this past week's price action is quite surprising. Had we not had that contango gap down to $2.68 we'd probably be around $3.07 April now