Replies to post #23286 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[nssrr5]

Great info - looks like I am going to keep on holding for now. With oil tanking this may be the way to play it... Thanks

[dude iligence]

Natural Gas: Break Out Move Next?
By Satendra SinghCommodities21 hours ago (Apr 27, 2020 05:58PM ET)
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Satendra Singh Satendra Singh
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On analysis of the movements of Natural Gas futures since opening on the first trading session of the last week of April, 2020, I find that finally, the Bears Trap has sprung yesterday after a long time.

I find that the gap-up opening of Natural Gas futures looks evident enough for a breakout move; which may likely continue up to $2.153 during this week. And, a sustainable move above this level may result in a short-covering rally up to $2.688.

https://www.investing.com/analysis/natural-gas-bears-trap-may-see-blast-before-april-ends-200522773

[nssrr5]

Approaching 2 this morning.

[dude iligence]

Crude up whopping 28% today putting damper on NG.

[dude iligence]

NG 1.99+.10+5% UGAZ 30.9+4.5+17% Pressure continues to build for breakout. NG Close above $2.02 will mark the start of uptrend