Velocityshares 3X Long Natural Gas ETN (UGAZ)

[benfrankledger]

Last year, natural gas fell to a bottom before the beginning of the winter season during the week of November 7 when the energy commodity traded down to $2.555 per MMBtu.

The rally that followed took the price of nearby natural gas futures that trade on the NYMEX division of the CME to a high of $3.994 during the final week of December. The rally of over 56% took the price to just shy of the $4 per MMBtu level in seven weeks.