Replies to post #21986 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[kei]

UGAZ Natural gas demand continues to grow faster than any other generation source as utilities transition away from coal and nuclear power to gas-fired generating facilities. Natural gas demand has increased by 14 billion cubic feet per day since 2017 and is expected to jump 6% this year alone

Good Read (found this today on #ST board)
https://www.forbes.com/sites/daneberhart/2019/09/23/fracking-ban-rhetoric-might-appeal-to-woke-left-but-its-a-loser-for-america/amp/

[dude iligence]

NG Oct chart from yesterday close $2.53 Nov closed $2.56 yesterday









Finviz NG chart rolled Oct to Nov last night you can see the gap up. NG unwound the contango thruout the day closing at $2.53 yesterday's Oct close. This contango unwind results in UGAZ loss and DGAZ gain. In years past Contango has been much higher .10, .20s making playing DGAZ very profitable during contract unwinding week.



NG was $2.49s yest UGAZ low was $18.66. today UGAZ low was $18.57 NG low was $2.52. Contango unwind plus bleed/decay/rot/Casino Skim in a sideways market eats up gains quickly.