Replies to post #20699 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 51 Bcf versus expectations for a build of 52 Bcf and the 5 year average of 77 Bcf.

NG drops from $2.82 to $2.80/mcf when the news hits.

Current storage is 2,203 Bcf which is 519 Bcf below the five-year average of 2,722 Bcf.