Replies to post #16347 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a draw of 42 Bcf versus expectations for a draw of 43 Bcf and the 5 year average of 61 Bcf.

NG rises from $3.64 to $3.66/mcf when the news hits.

Current storage is 3,953 Bcf which is 254 Bcf above the five-year average of 3,699 Bcf.