Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

Agreed, that article is overly bearish, nonetheless there are plenty of negatives for NG right now including rising crude oil prices, back over $30 this evening. And that steep NG contango is shrinking, but it's too late for UGAZ since they've already rolled into July. Traders may be taking advantage by front running the 5 day rollover each month. UGAZ would be better off rolling continuously through the month rather than compressing it into 5 days.