Replies to post #20637 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a draw of 93 Bcf versus expectations for a draw of 103 Bcf and the 5 year average of 97 Bcf.

NG drops from $2.73 to $2.70/mcf when the news hits.

Current storage is 1,532 Bcf which is 296 Bcf below the five-year average of 1,828 Bcf.