Velocityshares 3X Long Natural Gas ETN (UGAZ)

[fitzwell11]

Ya I was happy for $21s to accumulate longer term, was not expecting a huge intraday move especially on that terrible report.

But as insane as $20 oil looks, $1.50 nat gas looks even crazier.

I've been trying to understand this movement, especially given that with these gigantic oil cuts, there is less fracking and thus less natural gas supply. And I don't believe natural gas demand has taken the same beating that oil demand has so i expect a bigger move. GLTU

$UGAZ