Replies to post #22089 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

A fairly neutral report but warm weather forecasts continue to weigh on NG prices -

https://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif

UGAZ could also be hurt by the current wide contango. They're rolling from November to December this week and paying a $0.20 premium. Once the November futures contract expires, December prices could drop .....

https://www.cmegroup.com/trading/energy/natural-gas/natural-gas.html

UGAZ needs a strong cold wave !