Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[wz9ytp]

To be honest, I don't even know where UGAZ closed at today. But thinking Texas ERCOT and Cali will have only mild effect of eastern gaz prices (they'll be on renewables for a majority of their power...) so when the heat gets back to the ensembles (European especially), we'll head back to 3.40. June to mid june, if weather is hot, thinking 3.72 or so.... really hot and low 70 bcf production, we hit 4.

What gives for U? 3.40 from 3.17 now (?) Gives us 22% less contango.... 15-17%. At best, $4 gives us 78.5% less contango....so about 72%.

What's Ugaz now...$18.50? Gives us $22.50 to $31.8 .

Can't be more precise....sorry. It's finally sunny and gorgeouse in my part of the world. Spending my time outside. About to jump in the pool.

Cheers!