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It looks like UGAZ and DGAZ have disconnected from the underlying (both down)

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DGAZ is up 9% today

Yeah, Google is using Wednesday's close. It's up today.

I'm thinking out loud here...

So since we have more production there is less of a need to store gas, yes? I'm guessing it is more economical to put the gas in a pipeline and go to the consumer rather than into/out of a storage location and back into the distribution system?

And also, we do have more production, but the winters are proving to be colder...hence the big/early withdrawals?

Futures rolled over to January contracts today. Storage report out Wednesday for the short week.

Forecast:

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November 22nd-29th: Much milder temperatures will surge across the eastern US through the weekend with highs warming into the 60s and 70s along the eastern US coast. This will significantly ease heating demand into early next week. However, weather systems will return shortly after with the first being seasonal, and the second arriving around Thanksgiving looking a bit colder. This will increase heating demand to high over the eastern US.

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Sold DGAZ today (bought last week). Anybody making a play this week? (either DGAZ or UGAZ). I'm hesitant to buy in either way right now.

I sold my DGAZ today as well.

Still entering around these prices:

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DGAZ when NG hits $4.50 and UGAZ below $4

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Wednesday's withdrawal projections are -130 to -140 Bcf. But I'm not confident enough to buy into UGAZ leading into Wed. and will probably take a DGAZ position post report.

Yea, was feeling the same general thing Ranger. Thanks for reposting those price points.

Sold DGAZ overnight when NG hit $4.20. Quick 20% from post report Wednesday till today.

Oil collapsing!

Really sad I didn't pull the trigger earlier this week and jump in on DGAZ.

I bought pre-market at $11.35, $3.95 NG. Supposed to warm-up beginning Wednesday; so, this may not be the bottom. I'll average in any lower.

In at $10.61, $3.88 NG. This should be a good little pick up.

In as well. I bought DGAZ at $11.00 today.

I'm thinking about buying tomorrow, have a limit set at $10.30 if it gets there. With the injection report coming out on the 4th, is it better to buy before or after the news comes out? Obviously, beforehand is speculation and after is reactionary, but I don't know it usually affects the price as Im new to energy ETFs

Good entry point but keep some on the sidelines to average down. Forecasts are still warmer than average for the next two weeks. I'm averaging in every dollar down from my initial position. Although, we're four days closing red and oversold; wouldn't be surprised to see a rally soon.

Report this week is projected at -41Bcf. However, last week's was very bullish at -162Bcf and we cratered from the release spike of $4.50 to today's lows. I haven't any idea what direction this week's report will push.

Reminder for anyone new to UGAZ/DGAZ: leveraged ETFs should not be held for more than a few weeks at a time. They're prone to beta-slippage and decay relative to it's underlying asset. Buy and hold for extended periods and you lose money. NG is also very active outside of trading hours. I would set-up triggered alerts and be well acquainted w/ your broker's pre-market and after-hours trading function.

Jock09,

Did you mean to write you bought UGAZ at 11 not DGAZ?

Ah, yeah. Meant UGAZ.

UGAZ down sub $10 in pre markets this morning. I wonder how low it drops before a quick rebound

Just put in an order to buy UGAZ at 9.75

in for 5,090 shares of UGAZ at $9.86 entry price

I got in at $9.99, hope today's low is the bottom

So Arson has bought so I know tomorrow is the day to buy and I should be able to get it for $8.50.
jk. Love your guts!

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So Arson has bought so I know tomorrow is the day to buy and I should be able to get it for $8.50.
jk. Love your guts!

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was planning to put in a buy order for that! doubt it happens.

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So Arson has bought so I know tomorrow is the day to buy and I should be able to get it for $8.50.
jk. Love your guts!

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I've got some dry powder to average down if needed!

besides, if i can help other Aggies make some $$$ then so be it lol

Glad I waited an extra day. Got in at 9

In at 8.95

Jumped in for more at $8.91. Averaged me down to $9.67

in at $8.70 - when should i exit?

I'm thinking 14 to 16, so the real answer is probably 13 or 24.

UGAZ heading the right way today

Got in for more this morning and am averaged down to $9.47 now. In the black now!