Replies to post #22637 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

Happy Thankgiving NG is going to eat your lunch "". $2.47 test as predicted.



Below is the Big Ole Knarly OCT/NOV Contango Chart roll gap. Anyone want to put odds on whether that closes in the next few days. The bottom of the gap is actually $2.3ish the price of NG moved up after the settlement on Oct 24th then the gap formed with the chart roll. If NG closes that gap it will be a 8% decline from $2.5 which would be a 24% plus bleed decline in UGAZ about $3 haircut making UGAZ $9.

[dude iligence]

Ng 2.33 as predicted sold dgaz 165 bought ugaz 9.5s