Thursday, 13 October 2016

EPIC RESEARCH MCX NATURALGAS UPDATE OF 13 Oct 2016

Naturalgas trading range for the day is 211.2-219.4.
Natural gas dropped on profit booking after prices gained forecasts showed unseasonably high temperatures
Prices also seen supported as meteorologists predicted warmer-than-normal weather across most of the lower 48 states from Oct. 12 to Oct. 21.
Elsewhere in the U.S., gas-drilling activity has essentially slowed to a stop as prices have made many wells uneconomical.

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