Replies to post #20632 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a draw of 57 Bcf versus expectations for a draw of 57 Bcf and the 5 year average of 129 Bcf.

NG drops from $2.76 to $2.75/mcf when the news hits.

Current storage is 1,625 Bcf which is 300 Bcf below the five-year average of 1,925 Bcf.