Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dude iligence]

9/22/16 The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 52 billion cubic feet in the week ended September 16, matching expectations.
That compared with a gain of 62 billion cubic feet in the preceding week, 105 billion a year earlier and a five-year average build of 83 billion cubic feet.
Total U.S. natural gas storage stood at 3.551 trillion cubic feet, 4.0% higher than levels at this time a year ago and 7.5% above the five-year average for this time of year

------------


The U.S. Energy Information Administration said in its weekly report that natural gas storage
United States Natural Gas Storage
Latest Release:
Aug 25, 2016
Actual:
11B
Forecast:
18B
Previous:
22B
in the U.S. rose by 11 billion cubic feet in the week ended August 19, below expectations for an increase of 18 billion.
That compared with a gain of 22 billion cubic feet in the preceding week, 67 billion a year earlier and a five-year average of 66 billion cubic feet.
Total U.S. natural gas storage stood at 3.350 trillion cubic feet, 8.3% higher than levels at this time a year ago and 8.2% above the five-year average for this time of year.

---------

Last week The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 22 billion cubic feet in the week ended August 12, while analysts had forecast an increase of 27 billion.
That compared with an advance of 29 billion cubic feet in the preceding week, 52 billion a year earlier and a five-year average of 57 billion cubic feet.
Total U.S. natural gas storage stood at 3.339 trillion cubic feet, 10.9% higher than levels at this time a year ago and 13.8% above the five-year average for this time of year.

May 26 it was "35.4% higher than levels at this time a year ago and 32.7% above the five-year average for this time of year.


Strong trend well under way. Less than 90 NG rigs in service oil in the $40 wont put many US oil rigs back in service.


Production/Supply shrinking relative to increasing demand at every given time of the year or weather. This is whats driving NG higher and will continue to do so. This shoulder season is BUY THE DIP. NG looking more bullish everyday.