Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

No one seems to get what happen or saw it coming. Celius guy doesn't get it. Ng was struggling at 2.3ish below 50ma in late Oct then overnight the chart rolled with .15 contango creating the massive gap up. This chart tells you everything you needed to know about how the contango would unwind. It clearly shows all the drop & support levels.


Everyone was just as clueless then as to what happened a short covering buying spree resulted the house of cards chart not only above the 50 but 200ma as well. It was just do to go back to where it was, pre mania 2.3ish. The clue it was about to happen was the dips below 2.5 prior to thankgiving. I threw a clue out on post 22625 but no one seemed to notice. I bought dgaz that day. Posts 22637 and 38 I got specific about % drops 24% and price targets $9 ugaz. Problem is people spend to much time focused on the wx to really get how this trade works.