I cleared my UGAZ position near 13.99-14... Made over 11% in 3 days. I'll take it. Nat Gas report today a little bearish, so will let market digest the report for next day or 2, & one must consider that Nat Gas is up 3 days in a row before this report today, so a pull back is natural... But i'll be interested in buying on a pullback if happens because I still think we see 16+ on UGAZ by about end of November.
I'm liking UGAZ here near 14 or less. If it sells off on inventory report Oct 31, then i'd be buying on that (or adding to UGAZ). Maybe sees 11-12 again, but eventually 17-20+... We'll see 17+ in a few weeks, with 20+ possible in 4th quarter.
I also think DUST in mid 20's is a good spot to start buying.
All these are for short term daily chart swing trades on multi-week trend basis only for reversion back to higher averages (not saying any of this for long term investing).
**FYI--- I called DWTI in 20's back in August.... And now is 34-35+. I also called DUST/NUGT (& BRD/SVM)the last few months correctly also for short term trades.
I am continuing to add to my position at $15 or below. Just picked up 1k shares at 14.96. I think this is a rare opportunity to buy at this time in the year. Nat gas is trending about a month behind last years chart, ugaz will be at 20 in early november. I don't think you are going to see the same prices as last year but ugaz will hit 20 in the next few weeks.