Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[surehands]

Natural gas has a significant structural problem, because US fracking companies have built up so much in the way of oversupply that every time we get close to the $3 handle, they are willing to flood the market with supply as it’s an opportunity to dump off some of the massive oversupply that they are holding onto, and I think that will continue to be the way going forward, and I don’t foresee a situation where we can break out and above that level for any significant amount of time presently.

https://www.fxempire.com/forecasts/article/natural-gas-price-forecast-week-october-23-2017-technical-analysis-445280