Replies to post #20701 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 46 Bcf versus expectations for a build of 60 Bcf and the 5 year average of 62 Bcf.

NG spikes from $2.71 to $2.75/mcf when the news hits.

Current storage is 2,249 Bcf which is 535 Bcf below the five-year average of 2,784 Bcf.