Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[dude iligence]

I bought back into DGAZ after the report last week and the problem NG was having at the 200ma. Look at the following chart and the obvious thing that jumps out at you is the gap up above the 50ma from March 2013. Close that and the price is $3.35 approx

http://stockcharts.com/h-sc/ui?s=$NATGAS&p=D&b=5&g=0&id=p40668027154

Go a bit further out and the huge gap up above the 50ma from Sep 2012 $2.90-$3 approx. Interestingly a 62% retrace puts the price at $2.91

http://stockcharts.com/h-sc/ui?s=$NATGAS&p=D&yr=0&mn=10&dy=0&id=p50835243132


NG may just trade sideways in this 15 cent range for a while. Just have to be prepared to flip it. I don't care which way it goes as long as its moving.

http://finviz.com/futures_charts.ashx?t=NG&p=h1