Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

Dec $2.69 Jan $2.78 both down about 3.5% If the price of NG is the same in the morning then UGAZ will be down about 10.5% $1.95ish. UGAZ closed Friday $18.59 will be about $16.6s in the am if NG remains at current level. Overall the gap needed to be closed. Too many experienced traders were just waiting for the pull back. It would be good for NG to base a bit before moving back up. Then there is always the possibility for the Widow Maker to just start swacking as many longs at it can. Teach all the eager beaver newbies what trading NG is all about.