Replies to post #22236 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[No-Quarter]

Ha, that's funny that Chris Lewis at FX got tripped up by the chart change.

I most certainly would have been tripped up just like him if not for your explanation here.

I continue to learn much from you. Huge respect for your knowledge and your willingness to share it here. I am soaking up as much as I can.

[No-Quarter]

The three 2016 charts at the end, and your play-by-play/day-by-day dialog. Excellent! Took me a few reads through it to fully understand what you were describing, but I think I got it now. I appreciate the time it took you to put this historical example together, and include your own experience/analysis, for someone learning like me. Much respect for you.

[dude iligence]

Sunday night gap up




NG chart has a huge gap up from contango now it will have a gap up to the 200ma.


Will NG continue higher without support or will it repeat 2016 oct/nov roll with a gap n trap then start of selloff.



Earlier today when Investing.c rolled their chart there were a lot of posters thinking NG spiked when it was contract roll. I would say a high percent of people thought this and may be part of the reason for tonights gap up. Same thing happened in 2016. Same thing will happen every month there is contango. Two things ng has going for it right now
Its relatively low priced at $2.5 for this time of the year
There is a large short position