The UGAZ (3x long natural gas ETN) official short trade has traded as low as 40.00 so far today in the pre-market session (not reflected on this chart) which is just below the 41.40 support level with $NG (natural gas futures) having hit my initial & minimum downside target of 3.55. That’s a 15.4% gain from the short entry on UGAZ Friday so one might opt to book partial or full profits here although the official targets will now be set at 36.12 & 31.44 (subject to revision based on the charts of nat gas futures). Suggested stop at this point will be Friday’s entry price of 47.30 on UGAZ.