EmadSaqqa
Long

Technical Analysis outlook- VelocityShares Long Nat Gas 3X- UGAZ

AMEX:UGAZ   CREDIT SUISSE NASSAU VELOCITY SHS 3XLNG NAT GAS ETN(02/02/32)
Mon 14.Jan.2019
Ticker: UGAZ
LAST= 45.99


The movement during the last few days showed a Sideways movement, with a recent low price seen on Thu 03.Jan.2019 at 36.61.

During the next few days an increase in momentum is expected to take the price up for 49.40 and then to 57.30 Taking in consideration the resistance levels. other than the above the price will maintain a consolidation between the 53.45 - 39.75.

Res_2 = 67.00
Res_1 = 53.45

Sup_1 = 39.75
Sup_2 = 26.15
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