Tuesday, 16 May 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 MAY 2017

Naturalgas trading range for the day is 210.8-220.8. Natural gas dropped as traders monitored shifting weather forecasts to assess the outlook for spring demand and supply levels.Updated weather forecasting models pointed to a relatively cool period expected over the eastern US for the next few daysNatural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring demand.

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