Friday, 13 January 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 JANUARY 2017

Naturalgas trading range for the day is 218.9-241.3. Naturalgas rallied as support seen after data showed that supplies in storage in the U.S. fell more than expected last week. EIA said in its weekly report that natural gas storage in the US declined by 151bcf in the week ended January 6 Temporary blasts of cold have produced big boosts in demand in recent weeks, and there is still plenty of time for the weather to shift.

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