Replies to post #25249 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a draw of 128 Bcf versus expectations for a draw of 136 Bcf and the 5 year average of 174 Bcf.

NG (Mar) drops from $2.68 to $2.64/mcf when the news hits.

Current storage is 2,881 Bcf which is 244 Bcf above the five-year average of 2,637 Bcf.

I did not post last week .... the aggregate draw for the two week period was 26 Bcf less than the 5 year average.