Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 14 Bcf versus expectations for a build of 21 Bcf and the 5 year average of 24 Bcf. Additionally there was a +4 Bcf adjustment for the prior week (from -36 Bcf to -32 Bcf).

NG (May) drops from $2.63 to $2.60/mcf when the news hits.

Current storage is 1,764 Bcf which is 36 Bcf below the five-year average of 1,800 Bcf.