Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

UGAZ $20.86 charging north. It could be hard to hold NG down I would not want to be short NG right now. Monday mornings have a way of being brutal if your on the wrong side of NG at Fridays close.

Last Sunday night NG gapped up and today we went down tested the top of that gap. Report came in bullish and NG takes off UGAZ $20.91 slammed a couple RED BULLS, got good form staying warmed up for anything that might happen.



This guy that wrote this article is clearly short ng. He alluded to it a week or so ago when he said he would take a new short position on the last run. His next article should be interesting.

A larger than expected storage build could trigger a steep break especially since there are weak longs trying to prop up the market after the short-covering. Like I said earlier in the week, short squeezes tend to end ugly.
James Hyerczyk

https://www.fxempire.com/forecasts/article/natural-gas-price-fundamental-daily-forecast-large-storage-build-could-trigger-steep-break-599826


weak longs thats funny ha ha better than if your short and NG gets above the 200ma is like having your nuts in a vice with your pissed off vindictive ex wife turning the handle.