Replies to post #22305 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[kei]

bounce to $17 ~!

[kei]

Analyst says: if NG price broke $2.73 (current $2.70), it will go up $2.90 area (that means $UGAZ way over $20) ... and he says that hedge funds started short covering since the weather is expected to be colder than normal for next few weeks (East) --- also mentioned that NG export is higher.

[researcher59]

EIA reports a build of 34 Bcf versus expectations for a build of 45 Bcf and the 5 year average of 57 Bcf.

NG spikes from $2.81 to $2.86/mcf when the news hits.

Current storage is 3,729 Bcf which is 29 Bcf above the five-year average of 3,700 Bcf.