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VelocityShares 3x Long Natural Gas ETN Linked to the S&P GSCI Natural Gas Index ER (UGAZ)

NYSEArca - NYSEArca Delayed Price. Currency in USD
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10.820.00 (0.00%)
At close: 03:00PM EST
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  • J
    Joe
    Wow... that had to be painful for shorts. How many days
    before they have to settle?
  • M
    Michael
    sell for tax loses. with the warm northeast weather this will most likely drop in the $2.00 area. Just my observation.
  • J
    Jason
    I will never sell, if you delisted bc of regulatory issues then CS should give our money back.
  • J
    Jason
    It’s unbelievable, short sellers are driving out the long positions again.

    https://finance.yahoo.com/news/natural-gas-price-fundamental-daily-160723538.html
  • -
    -
    Natural gas prices continued to slide on Tuesday follow a sharp drop on Monday, closing at the lowest levels seen since August. Support is seen near the December lows at 2.15 and then again at a weekly upward sloping trend line that comes in near 2.05. Short-term resistance near the 10-day moving average at 2.28.  Short term momentum has turned negative as the fast stochastic generated a crossover sell signal in the middle of the neutral range. Medium-term momentum has also turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. This occurs as the MACD line (the 12-day moving average minus the 26-day moving average) crosses below the MACD signal line (the 9-day moving average of the MACD line. The MACD histogram is printing in the red with a downward sloping trajectory which points to lower prices.
  • G
    Gary
    Balancing the natural gas market will require supply declines, according to Tudor, Pickering, Holt & Co. (TPH) analysts.

    “The task will be made much easier if we see no further production growth into year-end, but the trend is not our friend as dry gas production averaged about 96 Bcf/d last week, up about 3 Bcf/d over the last 10 weeks,” the TPH team said. “As a result, the oversupply has become more acute, and on a weather-adjusted basis, yesterday’s reported 19 Bcf draw implies an oversupply of 4.5 Bcf/d.”
    Bearish
  • R
    ROB
    NG price will move towards $2.60 -2.82 range soon as production is reduced and demand increases as we approach winter contracts. Commodities prices are very volatile and unpredictable to a large degree. Last year a few hedge funds folded as they shorted NG all the way through the high $4's (obviously charts didn't point out that NG would climb to almost $5). If the technical charts pointed NG going to $4.90 those hedge funds would have never shorted NG in the $3's and $4's. Those that heavily rely on the charts should be very careful. All longs know that the reason you spend hours every day on this board is to create panic to longs to sell their UGAZ shares (not sure your motivation besides maybe you have shorted NG/UGAZ).
  • M
    Mark
    Warren Buffett must know something. He’s making a big play.
     Buffett’s Berkshire Hathway on Sunday announced plans to purchase Dominion Energy’s natural gas transmission and storage network for $9.7 billion, including debt. A Biden presidency would likely lead to stricter regulations on the energy industry.
  • K
    Kay
    Can someone please explain what is happening? So if, "Triple-Digit Storage Injection Sends July Natural Gas Futures Slightly Higher: The U.S. Energy Information Administration (EIA) reported an injection of 102 Bcf natural gas storage for" lower than last week's EIA report actual injection/ withdrawals (109 Bcf) then why UGAZ is not going up?
  • Z
    Zubair
    guys, i have 500 ugaz at 60 average. please advice. will ugaz go up from here? please honest replies. thanks.
  • S
    Skates186
    A ten year chart shows that we are at the bottom of a four year cycle that has regularly repeated. The question is, can those of us who bought in the 20’s wait out the decay in the wait for higher prices?
  • T
    The end is near!
    Natural gas storage injections in the United States have outpaced the previous five-year (2014–18) average so far during the 2019 injection season as a result of rising natural gas production. At the beginning of April, the natural gas inventory injection season started with working inventories 28% below the five-year average for the same period. By the week ending September 27, working gas inventories reached 3,317 billion cubic feet (Bcf), within 1%, of the five-year average. EIA forecasts that natural gas storage levels will total 3,792 Bcf by the end of October, which is 2% above the five-year average and 17% above October 2018 levels.
  • M
    Mark
    Latest technicals from the experts:
     Natural gas prices declined on Monday and are poised to test the December lows at 2.167. The continuation contract shows the lows at 2.15. Resistance is seen near the 10-day moving average near 2.25. The choppy natural of price action has made it so momentum is positive to neutral. The MACD (moving average convergence divergence) index prints in the black with a flat trajectory which points to consolidation. The fast stochastic generated a crossover sell signal, and is now printing a reading of 11, well below the oversold trigger level of 20 which could foreshadow a correction.
    Hedge funds added to short position in future and options while also adding to long positions. According to the most recent commitment of trader’s report released for the date ending December 24, 2019, managed money increased short position in futures and options by 12K contracts while increasing long position by 4k contracts. Open interest in the managed money category that is short futures and options outnumber open interest that is short by nearly 3-1 which keep the market vulnerable to a short-squeeze.
  • R
    Richard
    Natural Gas Prices Poised To Move Higher In The Days Ahead After Weekend Models Indicated Colder Changes After Christmas
  • T
    TheSpecialOne
    Folks here need to do some homework. This is an ETN (exchange trade notes) and replicates the behaviour of the underlying products. To be more accurate this replicates front month NG futures (Dec futures right now) plus some percentage on bonds (some of them are treasury bonds). It s not important the weather is being right now but the one forecasted for the next month. The other big factor to take into account is the forecasted output/input NG flows. Bet on this accordingly
    Bullish
  • M
    Mark
    Natural Gas (8 new records). The US produced more natural gas in August — 111.4 billion cubic feet per day – than in any previous month, and which represented an annual increase of 9.1% compared to last August. New natural gas production records were also established in the states of Texas (14.0%), Pennsylvania (11.3%), Louisiana (21.5%), Ohio (15.8%), West Virginia (18.1%), New Mexico (21.1%) and North Dakota (23.2%), which all had the double-digit percent increases year-over-year show above. Over a longer period of time, the most impressive gains in natural gas production are for Pennsylvania, which experienced a 38-fold increase in gas output since January 2006 when the EIA started reporting state-level production and a 31-fold increase in Ohio’s production over the same period. Pennsylvania and Ohio, along with West Virginia have the fortune of being situated on top of the prolific Marcellus and Utica Shale Formations, which is the largest source of natural gas in the US accounting for almost 30% of America’s total natural gas production (vs. about 25% from Texas).
  • S
    Steve Frechette
    Gas & Oil Update:

    Sabine is normal after the fog delays ended late last week. Expecting -75 bcf for this Thursday's EIA report due to the fog weakness. Total LNG exports ~4.2 bcf for today. Sabine critical to Henry Hub trading due to proximity.

    Temps shifted colder over the weekend enough to continue the technical bounce from Friday afternoon. The Friday afternoon signal proved accurate again!

    Technicals were oversold and the bears were in trouble without red maps this morning.
    UGAZ is trading around ~$31.20 pre market. April roll already being felt.

    Too early to short. Long still the right direction, but need weather help to keep the party going.

    WTI not doing much. UWT still ~$12.70. Would love to see $48-$50 get tested.
  • v
    vic
    I think with 43 states opening up today and weekend including New York, it will decrease the inventory drastically next few weeks! I will hold my horses and I will not sell them bellow $30!
    GL longs!
  • w
    woodcrest
    BREAKING NEWS....
    It's going to snow 6 out of 7 days next week in Wisconsin.... low temperatures will be in the single digits starting Sunday night..... Winter is a long way from over, my friends.....
  • t
    tariqarman
    99% folks here don’t know what future holds for UGAZ, please don’t make decisions based on what people say here. The best reason which makes Ugaz a potential profitable tool is storages are in threshold prices of bottom. Secondly, the winter is coming, thirdly do your own DD. Don’t listen to people here because nobody knows the future. I hold UGAZ because I know it will go up eventually based on logical reasons I presented.
    Bullish
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