The investment seeks to replicate, net of expenses, three times the performance of the S&P GSCI Natural Gas Index ER. The index comprises futures contracts on a single commodity and is calculated according to the methodology of the S&P GSCI Index.
Horrible day for UGAZ, breaking below support of the 200MA. Strong support at $20 if it continues down even further.
UGAZ – Natural gas data not bullish and prices continue to stay weak. The $34 level for the shares are where the battle lines are being drawn. The further it continues to fall from there, the harder the long side becomes.
$UGAZ, not the time to buy yet. But I would rather be a day early than a day late, plus we could get a bounce and a retest of a bottom b4 liftoff
