Replies to post #11810 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[tmorr55]

Can't help but believe NG is trading at the top of the channel right now. I'd be surprised to see a gap up Monday from here. Celsius feels the channel for the time being is 2.90-3.10. I'm in 21.80 a few. Predicting a sell off eod on NG. HS posted something on the U board I believe regarding the last hurrah for NG on this last report.

[tmorr55]

Just quoting researchers post on the actual change when the news hit, cc

"EIA reports a draw of 150 Bcf versus expectations for a draw of 152 Bcf and the 5 year average of 21 Bcf.

NG drops from $3.04 to $3.02/mcf when the news hits.

Current storage is 2,092 Bcf which is 266 Bcf above the five-year average of 1,826 Bcf."