Replies to post #23130 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[fitzwell11]

Correct me if I’m wrong here, but my thinking is it may be a decent time to accumulate natty gas.

This oil price war is going to destroy US fracking which is what creates so much excess natty gas supply. Could actually be very good for natural gas.

[dude iligence]

Ng 1.86/$38 ugaz deep v-notch with 1.61/$29 ugaz at the bottom nice bounce, see if it continues.

[dude iligence]

Ng dropped below $1.61, uwt, oilu both went poof, dgaz topped big ugaz buying op as predicted. With crude demand very very low due to c19, prices low, drilling in us will slow dramatically in the next few months. For ng this means a drop in supply of associated gas. This winter spring finishing off like 2016 which ng ugaz bottomed then began a steady climb resulting in ugaz running from equivalent 16.75 to 50.18 first week of March to first week of July 2016. IMO the ng has flipped from short to long. Anyone that bought ugaz in last couple weeks is in at good entry point. Mayor difference between 2016 and now is the c19 factor that lowers all energy demand.