Replies to post #20473 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[budmgd]

would like to see natty hold new support around 3.10 and make a next leg up. Also noticed the yearly 'cyclical' idea of natty going down after winter is over, doesn't really hold up. Spring 2013 - UP, Spring 2014 - level, Spring 2015 - range bound, Spring 2016 - way UP, Spring 2017 - UP

see attached

http://stockcharts.com/h-sc/ui?s=%24NATGAS&p=W&yr=5&mn=0&dy=0&id=p00985989704