Replies to post #20698 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 78 Bcf versus expectations for a build of 75 Bcf and the 5 year average of 70 Bcf.

NG drops from $2.84 to $2.83/mcf when the news hits.

Current storage is 2,152 Bcf which is 493 Bcf below the five-year average of 2,645 Bcf.