Replies to post #17196 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 106 Bcf versus expectations for a build of 98 Bcf and the 5 year average of 94 Bcf.

NG drops from $3.01 to $2.98/mcf when the news hits.

Current storage is 2,631 Bcf which is 237 Bcf above the five-year average of 2,394 Bcf.