Replies to post #20715 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 70 Bcf versus expectations for a build of 68 Bcf and the 5 year average of 59 Bcf.

NG drops from $2.86 to $2.84/mcf when the news hits.

Current storage is 2,505 Bcf which is 588 Bcf below the five-year average of 3,093 Bcf.