UGAZF News and Press, VS 3X NAT GAS From 08/21/20

Buyers are expected to cancel 10 or fewer cargoes of liquefied natural gas for October loading from the U.S., the lowest number in months as prices in Asia and Europe recover, Reuters reports, citing trade sources. More news on: Cheniere Energy, Inc., The United States Natural Gas ETF, L...

The U.S. Energy Information Administration has recently released their natural gas monthly statistics for May 2020. In this article, we will briefly review their consumption and exports figures, then look at our estimates for June and July, and conclude with our latest forecast for August, Sep...

The Weather Last week Last week (ending August 14), the number of cooling degree days (CDDs) jumped by 22.0% w-o-w (from 84 to 102). We estimate that total energy demand (as measured in total degree days, or TDDs) was 8.8% above last year's level and as much as 19.7% above the 30-year av...

Natural gas prices ( NG1:COM ) were little changed for most of the week before surging +7.5% today to $2.35/MMBtu, notching a new YTD high, on speculation that record heat will spark demand for the fuel in the western half of the U.S. More news on: Natural Gas Futures, Antero Resources...

Welcome to the market distortion edition of Natural Gas Daily! DGAZF made headlines this week with a ridiculous squeeze that saw the share price rocket to $25,000. Yes, that's $25 with 3 zeros behind it. DGAZF was positioned in September contracts (shorts), but the way these levered ETNs...

A triple-inverse natural gas ETN that trades on the pink sheets is rocketing more than $10K higher due to a price disconnect. More news on: VelocityShares 3x Inverse Natural Gas ETN, VelocityShares 3x Long Natural Gas ETN, Direxion Shares ETF Trust - Direxion Auspice Broad Commodity Strate...

The Weather Last week Last week (ending August 7), the number of cooling degree days (CDDs) plunged by 16.2% w-o-w (from 100 to 84). We estimate that total energy demand (as measured in total degree days, or TDDs) was 11.8% below last year's level and 3% below the 30-year average. Thi...