Wednesday, 9 November 2016

EPIC RESEARCH MCX NATURALGAS UPDATE OF 09 Nov 2016

Naturalgas trading range for the day is 168-194. Natural gas fell sharply as a mild start to the winter heating season added to concerns over a deepening supply glut. Updated weather forecasting models showed that high pressure weather systems will dominate over the central and southern U.S. Meanwhile, market participants awaited weekly supply data due on Thursday, which is expected to show a build 57 billion cubic feet.
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