Replies to post #3694 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[MJ moneymaker]

This is the channel it's traded in for the past 3 weeks. NG has tested the bottom of the channel the past 2 Mondays and it appears to be testing it again this monday.

My strategy is to load UGAZ 2.50 and set a stop around 2.45 or so.

Idk why it bottoms early in the week. I just try an profit from it.

[investing102]

you shouldn't be trading long at this point for long, seasonality in affect.