EPIC RESEARCH MCX NATURAL GAS UPDATE OF 9 JANUARY 2017

Naturalgas trading range for the day is 215-232.4. Natural gas gains recovering some of its losses on short covering after prices dropped in the week as mild weather replaced predictions of severe cold. Natural gas is used to heat half of the homes in the U.S., and is largely influenced by changes in weather expectations. EIA reported an inventory decline of 49 billion cubic feet for the week ended Dec. 30, which fell short of expectations for a larger withdrawal from storage.

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