Tuesday, 23 May 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 MAY 2017

Naturalgas trading range for the day is 210.6-216.8.Naturalgas gained after warmer than normal weather is now forecast in United States which will increase cooling demand.Natural gas prices are largely tied to weather forecasts, and the latest forecast from natgasweather.com is supportive of higher prices. Stockpiles held in underground storage in the lower 48 states rose by 68 billion cubic feet (Bcf) for the week ended May 12, 2017.

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