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ProShares Ultra Bloomberg Natural Gas Message Board

  • u087787 u087787 Feb 12, 2012 9:22 PM Flag

    When will gas start rising?

    Full disclosure - I do not own this stock but I am looking to buy some soon. I hear a lot of stories about gas going higher soon. Looking for serious opinions on when and why you think gas will rise or continue to fall. Thank you for your feedback.

    I am long with UGA right now

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    • Hard to tell here. The warm winter didn't help any and now we are in the seasonal slow period so I'd say that we are range bound here for a while. Probably between 2.30 and 2.75 (for Nat Gas, not Boil) which is incredibly cheap but without a catalyst and the glut continuing big move is probably a little while from now. Buy some at the low end of the range and maybe trade a little. You will probably get a couple of chances.

37.902-0.618(-1.60%)9:58 AMEDT