Wednesday, 4 January 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 4 JANUARY 2017

Naturalgas trading range for the day is 208.8-259.4. Natural gas dropped as forecasts for warmer weather and lighter heating demand through the first two weeks of January dragged down prices. Prices tumbled after updated weather forecasting models pointed to above normal temperatures throughout large portions of the southern and eastern U.S. through January 16. Market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 72 and 83 billion cubic feet.

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