Replies to post #17591 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[tmorr55]

The only catalyst for any breakout I see would be anticipation of colder weather. Will have to wait for that. Bias is DGAZ in the meantime. I think the bulls have one more week with an unlikely, but possible push to 3 before it's bye bye

[researcher59]

The EIA inventory will soon be going from surplus to deficit and that could trigger a rally .... but there's never a sure thing with NG prices. I just think the odds favor an upside breakout from the recent range .... time will tell which way it goes.