ETFs, Leveraged ETFs, Sector Funds

[No-Quarter]

Watch the video analysis in this link. Because of the $1.25 width of the pennant that was formed, and now broken, the commentator indicated a drop to $3.00 in the coming days/weeks is now possible.

https://www.fxempire.com/forecasts/article/natural-gas-price-forecast-natural-gas-markets-gap-to-open-the-week-542899

So, I have added a $3.00 level to my number progression extrapolation.

On 11 DEC $NATGAS $4.41 => DGAZ 55.51
On 13 DEC $NATGAS $4.12 => DGAZ 63.76
On 14 DEC $NATGAS $3.83 => DGAZ 79.69

Extending this number progression -

$NATGAS $3.58 => DAGZ 100.00
$NATGAS $3.20 => DGAZ 150.00
$NATGAS $3.00 => DGAZ 174.00

I still have my sell orders in for $150. Holding to this for now. I want to see how this week progresses, and the contract expiration in 10 days gets closer. Might be some short position covering going on that will cause this to swing wildly as the 27th gets closer, but the trend in natural gas prices has definitely reversed down and heading lower.

GLTY