Replies to post #917 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Windbag1014]

Yes, Wednesday the 26th is the day.

[Rock_nj]

I found a very early estimate for next week's draw number in an article from late last week. Here it is (130 bcf draw):

Moreover, this week’s impressive Arctic blast is projected to lead to a significant draw for next week’s report. Tim Evans, an energy analyst at Citi Futures, said, cited by Bloomberg, that he expects the November 27th report to show a 130-bcf decline in US natural gas stockpiles.


http://www.binarytribune.com/2014/11/18/natural-gas-trading-outlook-futures-slide-after-biggest-gain-in-nine-months/

I have learned to take these nat gas articles with a grain of salt. Just yesterday, I was reading an article from late last week that said the nat gas price spike in early November to $4.50 was fleeting and the $4.50 level would not be reached again this winter. They said nat gas would linger around $4.00 this winter, due to abundant supply. While I was reading that article, nat gas was trading at $4.60 in the Jan 15 contract.