Replies to post #20493 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[astn]

That does help, a lot. Thank you :) So, if the March NG futures prices are below the current February futures, we assume(?) that March spot price may be more in line with what we are seeing for February, and therefore we expect the March futures to rise toward the Feb spot price? Is that what is meant when we say 28(?) cents backwardation?