Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[No-Quarter]

After reading my crystal ball this morning, I am expecting to see a BIG BGF number in next weeks report. Huge.

I am expecting to see a number between 110 and 120, which will drive NG down between 2.10 and 2.00 either shortly before the report by being priced in, or shortly after as a reaction to the report.

I expect next week sometime to be the end of the current down leg, and a base for the next leg up, as this years heating season begins.

For a peek into my crystal ball, look at the chart below, and the pull quote at the bottom.

JMHO


The below is a pull quote from here - http://www.celsiusenergy.net/p/daily-commentary.html

Looking ahead to next week, natural gas demand will fall as generally more seasonable temperatures overspread the major population centers, cutting both heating and cooling demand. As the Figure to the right shows, daily injections will rise from around +13 BCF/day on Saturday to as high as +18 BCF/day by Tuesday, a whopping 6 BCF/day bearish versus the 5-year average +12 BCF/day. For the full week of October 5-11, I am projecting an exceptionally bearish +119 BCF storage injection (to be reported Thursday 17 OCT), 38 BCF bearish versus the 5-year average. It would be the largest injection in the last 5 years by a whopping 26 BCF over the +93 BCF injections from 2014 and 2015. Should it verify, natural gas inventories would reach 3541 BCF with the long-standing storage deficit versus the 5-year average flipping to a +36 BCF storage surplus. Click HERE for more on next week's projected injection.