Replies to post #25286 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Doubledown75]

Think lumber and copper are high
Wait until natty takes us for a ride
Chart for natty is breaking out

[researcher59]

EIA reports a build of 55 Bcf versus expectations for a build of 66 Bcf and the 5 year average of 83 Bcf.

NG (Jul) spikes from $3.32 to $3.38/mcf when the news hits.

Current storage is 2,482 Bcf which is 154 Bcf below the five-year average of 2,636 Bcf.

NOTE - In the prior week the EIA reported a build of 67 Bcf versus expectations for 72 Bcf and the 5 year average of 87 Bcf. There was also a reclassification of storage which amounted to a 51 Bcf draw, hence a net reported build of just 16 Bcf.