Replies to post #23163 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 38 Bcf versus expectations for a build of 24 Bcf and the 5 year average of 6 Bcf.

NG rises from $1.76 to $1.78/mcf when the news hits.

Current storage is 2,024 Bcf which is 324 Bcf above the five-year average of 1,700 Bcf.