Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[C C]

natty contract price Dec 2017 = 3.158 .....Sunday
Friday contract price Dec 2017 = 3.118
contract price for Jan 2018 = 3.283

if demand keeps rising
how will Contango be affected
at these demands
will natty Dec contract price fall
or
keep going upward

natty contract price rolls into Jan 2018 = 3.283
how will roll over be affected if demand stays constant
causing futures prices to rise
considering colder than normal weather demand for natty

what happens if shorts continue to cover
driving Jan and Feb contracts higher

Legacy COT reported Large Spec. 55990 short , Small spec. 21546 Long and Commercial 34334 Long . The net short position of large spec. reduced their short contracts by 23908 contracts from previous week . making it the first time short position was reduced in 5 weeks.

eb n flow of market

we went from 3.00 to 3.30 this time last year
not saying we will go to 3.30
where do we land is question

Dec of 2016 the high was 4.00
not saying we get that high
we have lot more natty in ground this year compared to last year
but
think we could go higher this year
could we hit 3.70 ish
not sure.....depends on winter demands....how cold we get this year

there will be the natural eb n flow of the market
cold weeks....then....warm weeks....back to cold weeks
play it well folks

shall see how it goes this winter

cc