Tuesday, 25 October 2016

EPIC RESEARCH MCX NATURALGAS UPDATE OF 25 Oct 2016

Naturalgas trading range for the day is 181.1-210.7.
Natural gas dropped as forecasts for unseasonably warm weather spurred concern that a mild winter will erode demand for the heating fuel.
Prices are reversing course after reaching a 22-month high earlier this month on the back of record power demand and a slowdown in production.
Weather forecasts have been predicting extremely-above average temperatures for several days, but Monday’s forecasts grew even warmer.
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