Replies to post #25256 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[tmorr55]

Thanks, as always, for continuing to post here, rs59! Hope you're well

[researcher59]

EIA reports a draw of 338 Bcf versus expectations for a draw of 333 Bcf and the 5 year average of 120 Bcf.

NG (Apr) drops from $2.80 to $2.78/mcf when the news hits.

Current storage is 1,943 Bcf which is 161 Bcf below the five-year average of 2,104 Bcf.