BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s): HNUZF

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

BetaPro Natural Gas Leveraged Daily Bull ETF

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Post by Anewtraderon Nov 21, 2009 4:56pm

498 Views

Post# 16511108

Natural gas and Thanks giving

Hi everyone,

I have jumped into HNU last week around 9.25 and here is my take for the Natural gas.

1- Natural gas have been shorted big time

2- The heating season will really start next week with the colder air and snow announced for the middle of the week and this could be the spark the market need to change direction and go up...

3- NG is testing his previous resistance and if it hold that could be the new basement.

4- Inventories will gegin to decline by the end of November if not this week

5- I dont know for you but If I was short on NG, I would like to cover some position before the Thanks Giving just to be sure I will not have to cover in a hurry and get burn when I come back next week.

I expect NG will continue to go up from here..

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