Tuesday, 3 January 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 3 JANUARY 2017

Naturalgas trading range for the day is 248.4-255.6. Natural gas dropped as prices witnessed fresh selling after prices rose last month as demand for natural gas was nearly four times higher. Frigid weather will sweep the western two-thirds of the nation in the second week of January, stoking gas demand for heating. The deep freeze comes as output from shale basins slows, sending production in the contiguous U.S. toward a second-straight annual drop.

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