Replies to post #17513 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Wrinkles]

Hi 4ward, my best guess is a small pullback NG $2.95? Maybe gets down to $2.90/$2.89 support area....either way then start back up and break NG $3.00, test $3.10/$3.12 next week......I expect pretty good resistance in that $3.12 area, but we'll see....obviously for swing trading, set it and forget it....these daily moves up or down mean nothing if NG $4+ is coming by year end, again, I could be wrong, but that's my opinion......Good luck with whatever you decide......