Replies to post #14783 on Velocityshares 3X Inverse Natural Gas Etn (DGAZ)

[surehands]

Thanks Money good to be back...Although I'm been playing the VIX more in the last 2 weeks. I'm still keeping my eyes on my baby NG...

Last 2 weeks COT report:

Summary:

Commercial short to long delta has increased. More shorts than last 2 weeks.
Speculators remain long with a large delta.
Banks data has not updated remains short with a large delta.


My Opinion: More down side coming for NG. Unless we get market changing news such as hurricane closing production or pipeline completion.




Next Weeks CDD:

No CDD (Minimal draw Mon and Tues) for 2 weeks will hurt NG. Getting close to shoulder season weather will not impact NG pricing as storage increases.





Weekly NG chart:

Downtrend continues until 3.00 is broken on the weekly: I think we revisit 2.70's and possibly lower~




GLTA