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Replies to post #23423 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

Replies to #23423 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

fitzwell11

05/06/20 10:26 AM

#23424 RE: dude iligence #23423

Explosion news was put out after the fact to help shorts who were caught out of position. The CoT shows large traders being poorly positioned

budmgd

05/06/20 11:51 AM

#23430 RE: dude iligence #23423

I more than normal, traders will be watching the report tomorrow. It may provide a little more insight as to the supply part of the equation. Could be an interesting morning tomorrow.

JR30

05/06/20 1:40 PM

#23433 RE: dude iligence #23423

Where waiting on JR to weigh in on whats going on with NG.

Why? I've already given my opinion as to what will likely happen with UGAZ over the next few weeks. I had said there would be a climb in price, although it wouldn't be as quick as you may want or expect. The climb will be over several weeks to months. This is a long play. Take advantage of daily spikes if you trade. Did we have a spike in SP yesterday? Did we have a nice drop in SP today? Did you take advantage of it? So far it looks like I've called it.