Wednesday, 17 May 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 17 MAY 2017

Naturalgas trading range for the day is 199.3-219.5.Natural gas dropped 4% after the latest US weather model called for mild temperatures over the next two weeks.Updated weather forecasts that indicate mild weather across the mid-west, a development that may reduce the demand for natural gas.Weather forecast for the US is conducive to slightly stronger than normal natural gas use through the coming week.

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