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home / news releases / GASL - GASL: Upside Potential Not Looking Great In The Near Term


GASL - GASL: Upside Potential Not Looking Great In The Near Term

(Source: Student Energy)

Investment thesis

The Direxion Daily Natural Gas Related Bull 3x Shares ETF (GASL) tanked in the past week, following milder-than-expected temperatures for this time of the year that dented gas demand expectations.

Gas-fired power generation advanced considerably since the end of summer, partly counterbalancing abundant U.S. gas storage and historic high domestic supply.

Speculators reduced significantly their positioning on the flammable complex. This transitory excessive exposure indicates that an upcoming reversal.

Supply-demand dynamics are tight for the beginning of December, but the weather outlook remains unsupportive in mid-December, as

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Stock Information

Company Name: Direxion Daily Natural Gas Related Bull 3x Shares Direxion Shares ETF Trust
Stock Symbol: GASL
Market: NYSE

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