Thursday, 18 May 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 18 MAY 2017

Naturalgas trading range for the day is 199.4-212.2.Naturalgas settled down at 204.70 came under pressure at the start of the week amid expectations of a drop in demand.Pressure seen after the latest US weather model called for mild temperatures over the next two weeks, which should reduce demand during that time.Cooler than normal conditions are expected to reach the eastern US next week, keeping slightly stronger than normal natural gas use in place.

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