Replies to post #25281 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

EIA reports a build of 75 Bcf versus expectations for a build of 76 Bcf and the 5 year average of 82 Bcf.

NG (Jun) drops from $2.99 to $2.96/mcf when the news hits.

Current storage is 2,029 Bcf which is 72 Bcf below the five-year average of 2,101 Bcf.

Note - the EIA also revised the prior week's build downward by 4 Bcf.