Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[C C]

ng futures chart appears to have possibly formed a reverse H & S pattern
with lower right shoulder last few days.....headed downward

appears over all chart says lower we go
are in mid range of chart
the highs over last week or so hit mid range part of chart pattern....still being in lower register......except the pop yesterday
the low of drop hit the lows of descending chart....we are in midrange of chart....possibly forming resistance....if goes below current number I believe we are headed down.....

looking closer at chart
last few days could have formed an ascending triangle within the chart
with bottom of 2.910....does it bounce there are head lower....????

did the same thing June 6th and failed to head higher......dropped to new lows
question should ask ourselves
what is the catalyst to move ng futures.....cooler weather next few weeks rather than hot weather.....will that move it.....which way....?????


or do we get a technical move.....will be watching Sunday
Monday.... how does USA deal with the chart....news....weather being cold or hot....price of ng being high causing more usage of coal....does that bring ng prices down....Chennergie-South Louisiana dropping lng prices to be able to sell to Mexico/Europe

lots of things affecting ng this year.....not like last year when weather was main mover


Monday morning will be interesting

cc