UGAZ stock is the Credit Suisse VelocityShares 3x Long GSCI Natural Gas ETN. Let’s look at the long chart with the natural gas price overlay. Get into the daily trading. Check out the volatility. UGAZ is a 3x ETN, different than an ETF. We’ll check out the levered compounding. We’ll look at the natural gas futures contracts and derivative contango rollovers. Then N in ETN is unbacked debt note. This chart may surprise you.
Also a comparison to the USO US oil ETF and the UCO Ultra Crude oil ETN. Great look at contango and compounding. With different price action.
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