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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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At close: 04:00PM EDT
38,277 reactions on $UGAZ conversation
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abyssus abyssum invocat
UGAZ is a scam whoever invented this should go to jail the stock reverse split so many times and I lost so much money. When I started buying UGAZ the natural gas was $5 now natural gas is $8 but my investment is down 95% UGAZ is one of my biggest mistakes of my life.
This should be 300 bucks, tired of manipulation CS!!!!!
Where can you buy this stock, not on tdameritrade
If this Country supplies Natural Gas to Europe there will be no more surplus of Gas supplies to keep prices down. Then prices will stay high or go higher until there is a resolution in Ukraine. Does it seem odd that those running this fund closed it at the low? After so many people lost money in it now that the price could explode it does not show consistent gains, makes me wonder who is causing the price swings and if that should be looked at. Just my opinion in the matters.
Charles Nenner, the accolade winning market guru, states that natural gas is in a 4-5 year bill market and that prices are going much higher than thought possible
Back to $40, gas through the roof
So cheap, very good to buy
The intrinsic value must be $150.
Waiting for the firm to buy my shares. No rush
Tomorrow this will tank, CS will manipulate this for years.
Any hopes of reaching $40 ???
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.
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.”
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).
I have an okay amount of profit in UGAZ I mostly just Day trade/short swing trade it but now that the prize is going up I’m wondering if I should take profits and hop back in right away or just hold it and keep adding to it. any info or guidance for people who have been trading it for a long time and know the Stock when it starts moving like this?
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.
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?
guys, i have 500 ugaz at 60 average. please advice. will ugaz go up from here? please honest replies. thanks.
From someone who knows. Don’t put any more money into this product. Just a very few people get on the correct side of a transaction. Everybody else loses. I know it is tempting to gamble on this product, “just can’t go any lower”, but it always does. The internal structure of this product makes awesome amounts of money for the creators of the ETN. You cannot win in any realistic market condition. Please stop trading this product. Invest in just amount anything else.
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