EPIC RESEARCH MCX NATURAL GAS UPDATE OF 11 MAY 2017

Naturalgas trading range for the day is 203.1-221.5. Naturalgas rallied as oil price surge, also warmer than normal weather is expected to cover most of the US, generating increased cooling demand.Overall natural gas demand will remain stronger than normal, mainly driven primarily by the cooler than normal northeastern U.S. Total natural gas in storage currently stands at 2.256tcf, 13.7% lower than levels at this time a year ago.

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