Replies to post #22389 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[budmgd]

not sure...Fridays of late have been good for natty. I wouldn't be surprised to see this be a nice set up into tomorrow. we shall see

[dude iligence]

Kei whys the price going down given the report came in below the estimate?

[budmgd]

this just popped on my news feed Kei! hot off the press, just for you!

14:58 ET - Natural gas prices fall for a second straight session despite a bullish weekly storage report, as some investors consider gas prices' 20% rally higher over the past month overdone since production of the commodity continues to bearishly hit near-record highs. EIA says gas in storage rose by just 34B cubic feet last week, vs expectations in a WSJ survey for a 44-bcf rise. But traders say that despite a much-colder-than-normal fall season so far that has helped boost gas demand, weather trends closer to normal are likely toward late fall and into winter, and that sentiment seems to be driving the modest price retreat from a recent seven-month high of $2.86 /mmBtu