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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZD

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Post by moneydiggeron Sep 15, 2009 12:14pm
318 Views
Post# 16307077

NG won't go past $3.60

NG won't go past $3.60$3.60 is the top of the trading channel for the year.  Tried a crack at it but did not pass it as I expected.  This is the price that needs to be watched, Ive been saying it for awhile.   If October contracts surpass the $3.60 mark, it should bring up the november contract which will bring up HNU.  I am not sold on the move yet, this is a major resistance.  Sitting idle and still waiting.   Took small position in HND when i seen the price retreat from $3.60, still keeping a tight stop loss since i am unsure of where NG will go.
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