Thursday, 25 May 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 25 MAY 2017

Naturalgas trading range for the day is 203.3-213.3.Natural gas settled below 209 level as updated weather forecasting models points to weaker demand for the fuel.Latest U.S. weather model called for mild temperatures over the next two weeks, which should reduce demand during that time.Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand.

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