The UGAZ (3x Long Natural Gas ETN) Active Short Trade offers an objective new short entry or add-on to an existing position on this bounce back to the former S1 support, now resistance level. The suggested stop for this trade as well as any new position taken here remains any move above Friday’s entry price of 47.30 which would also be a trigger for a stop on any of the alternative proxies for trading natural gas ($NG futures, DGAZ, GAZ, UNG, etc…)
UGAZ 60-minute Dec 14th