Replies to post #22595 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

Yes Dec is lower but Jan price of ng is right back where Dec was before the contango gap up on the charts. This combined with a somewhat warmer wx forecast. Difference is ugaz was 13.9s last week when ng was the same price now ugaz is 13.1s contango kills ugaz