Replies to post #20713 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 33 Bcf versus expectations for a build of 27 Bcf and the 5 year average of 56 Bcf.

NG drops from $2.93 to $2.90/mcf when the news hits.

Current storage is 2,387 Bcf which is 595 Bcf below the five-year average of 2,982 Bcf.