Replies to post #17315 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Ownwallstreet]

Watch your weekly chart and moving averages.
NG is resisting the 50ma, and then you have the 200ma not far above. Head and shoulders pattern also.

These are the main reasons I don't buy into this rally.
Additionally, I believe Crude oil is in for more pain. we will see.

Whatever you do, good luck, and may you profit :)