Replies to post #23128 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a draw of 48 Bcf versus expectations for a draw of 59 Bcf and the 5 year average of 99 Bcf.

NG drops from $1.81 to $1.79/mcf when the news hits.

Current storage is 2,043 Bcf which is 227 Bcf above the five-year average of 1,816 Bcf.