Replies to post #6249 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[C C]

Hedge Funds not long on natGaz







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[dude iligence]

glut not hardly, 2% and 6% above vs over 50% above this time last yr.the amount of ng in storage is shrinking with every report regardless of wx hot mild or cold, soon below last yr average. possibly on next report and below the 5yr average within a month. This is partly why we are seeing rig ct increase. if rig ct stays same eventually ng will be in short supply

[pelicaninnc]

September was the warmest on record high/low for many parts of the east. October also looks warmer which should have the reverse effect as far as ng usage. Looks to me like 4000 could be possible by the end of October.