FX:NGAS   Natural Gas (Henry Hub)
1380 20 41
Once again : Yeah... We stopped out but reentered near to the exact top.
DGAZ             = VelocityShares 3x Inv             Natural Gas             ETN            
It's still not crystal clear for a few people the difference between DGAZ             and UGAZ             .
If you buy DGAZ             it's the same when you short NatGas. It's outperforming NatGas as it's a 3x ETN             .

A few of you were trying to catch the bottom in DGAZ             during the last few weeks but you've noticed that it's an expensive game.
As NatGas entered into a bull market the only time when we buy DGAZ             is the intermediate decline. Especially when NatGAs is entering into the panic selling stage. During the last few days Natty just started the ICL decline. We are days away from the panic selling but don't worry it will come....

I highlighted with red arrows in the past when Natty entered the panic selling and you can see that is the time when DGAZ             started to skyrocket. It's always after a dead cat bounce when Natty is breaking down an important resistance. Sometimes at these Natty dead cat bounces - when it's stronger than expected - DGAZ             opens with a down gap before this rally starts. (blue arrow)

I will try to predict when we enter into the panic selling stage in NatGAs (most probably middle or end next week) by that time you have to be positioned in DGAZ             . If you already have the position it's ok just don't stop it out when we open down with a gap in DGAZ             on Monday or Tuesday. Manage the position size with care.

I set it as Neutral as we are selling NatGas and buying DGAZ             ....

Comment: Finally DGAZ popped big by the morning. I have US natural gas november
and US natural gas december. The november had a nice decline but december was frustrating till yesterday. Today as november was running out december has big gains also. Maybe that's the reason for the DGAZ pop.
I tend to think we entered into the panic selling stage without any bounce.
I told you natty is lovely on the short side in the ICL.
Comment: DGAZ +15% gap open.
Comment: Once it bottoms we will load up our trucks with Natty and it will be a fantastic long. Just like oil in the summer at the 200 SMA.
HUGE DGAZ candle today. Biggest one all year.
Panic selling in Natty. Panic buying in DGAZ.
What in your opinion could be the target TP in NatGas?
Lets see todays close but I think we enttered into the panic selling.
Bottom is oming next week around 2.4-2.5$
+2 Reply
ArtFly chartwatchers
Thank you
watsonzou26 chartwatchers
ice_holly01 chartwatchers
Cool, thanks.
Boom! Very nice call! Since Natty moves so fast, time to look for the bottom to take profits. Your earlier idea was NGAS around $2.50 or the 200SMA. Is this still your target?
+3 Reply
The rollover contract open a huge gap. Will do down?
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