Replies to post #22773 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[No-Quarter]

True.

[fitzwell11]

True but I don’t trust either over the weekend, with weather where it is. The oversupply issue will be a big problem, however, current storage isn’t as bad as it was in 2015, so I suspect we don’t see a dip all the way to $1.70, but below $2 by month end, barring weather changes, certainly seems possible. I’ll leave the heavy flips to more skilled traders such as yourself.