Replies to post #17353 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[tmorr55]

Wrinkles, with all due respect, 3.40 by the end of Aug? The lower than expected temps for Aug is what's causing this early sell off in NG. Not sure there is a show to get on the road for NG before November. As always, jmho and basing this on the normal expected patterns of NG usage. Expecting a move up in Aug but don't think it even gets back to 3.11 unless hotter temps hit the radar

[Derek ops]

inverse head and shoulder forming...

hmmm. Wrinkles you may be on to something here with the charts... sure as hell looks like its following the pattern so far. another .10 dip or so bottom and then line to about 3.40

I have to admit it does sorta look like it could be forming that way.