Replies to post #25237 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[tmorr55]

Thanks r59...gonna get some low 9s...possibly upper 8s in UNG and just sit on them. We'll get some kind of move back up over the next couple of mos. Nice buying opp for NG, me thinks

[researcher59]

EIA reports a draw of 91 Bcf versus expectations for a draw of 83 Bcf and the 5 year average of 61 Bcf.

NG (Jan) spikes higher from $2.45 to $2.56/mcf when the news hits.

Current storage is 3,848 Bcf which is 260 Bcf above the five-year average of 3,588 Bcf.