Replies to post #20697 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 66 Bcf versus expectations for a build of 69 Bcf and the 5 year average of 72 Bcf.

NG drops from $3.01 to $3.00/mcf when the news hits.

Current storage is 2,074 Bcf which is 501 Bcf below the five-year average of 2,575 Bcf.

- NOTE - the EIA also revised the prior week's injection upward by 4 Bcf, from 91 Bcf to 95 Bcf.