Replies to post #20614 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[budmgd]

another bellyflopper!

[researcher59]

EIA last Thursday reported a draw of 78 Bcf versus expectations for a draw of 76 Bcf and the 5 year average of 118 Bcf.

NG roses from $2.69 to $2.70/mcf when the news hit.

Current storage is 1,682 Bcf which is 372 Bcf below the five-year average of 2,054 Bcf.