Keren sells UGAZ 7.17: On Friday, natural gas futures once again retreated to the low end of the trading range, albeit with much lower volume of just over 200,000 contracts for the session.

The EIA numbers came in higher than most analysts expected; the injection into inventories was higher. This is 18.3% higher than last year at this time and 4% above the five-year average. Energy Information Administration announced that as of August 28, inventories of natural gas in the United States rose by 94 billion cubic feet to a total of 3.193 trillion cubic feet. There are huge reserves of the energy commodity in the Marcellus and Utica shale regions of the United States, which weighs heavily on price and has kept bearish sentiment prevalent in the market. The decrease in open interest is reflective of the 14.5% price drop in the October natural gas futures contract over the same period.


Faith:
The NFL kicks off this week and soon the leaves on the trees across parts of the nation will fall and before we know it, winter will be upon us.

Belkis:
NYMEX active month natural gas futures closed on Friday, September 4, 2015, at $2.652 per mmbtu, which was 6.3 cents lower on the week, while UGAZ closed at $1.63 per share.

Marla:
This is to prevent the vehicle from becoming a penny stock.

Neely:
Well, it was another episode in boredom in the NYMEX natural gas market this week.

Bree:
A rally to $4 is not out of the question.

Tatiana:
Analysts and traders are bearish.

Norene:
Energy ETFs like the United States Natural Gas Fund LP ( UNG ) and the VelocityShares 3X Long Natural Gas ETN ( UGAZ ) are also negatively affected by falling natural gas prices.

Erlene:
Prices hit this mark in June 2015. In contrast, warm weather and demand from power plants could push natural gas prices higher.

Reita:
Mild weather is influencing natural gas prices in the oversupplied market.

Loria:
Resistance for natural gas prices is seen at $3 per MMBtu.

3X Long Natural Gas ETN Velocityshares (AMEX:UGAZ)
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