EPIC RESEARCH MCX NATURAL GAS UPDATE OF 08 MAY 2017

Natural gas trading range for the day is 202.7-214.5.Natural gas prices ended with gains on short covering as traders reacted to cooler weather forecasts in the Midwest region.However upside seen limited as data showed that natural gas supplies in storage in the U.S. rose more than expected last week.Total natural gas in storage currently stands at 2.256 tcf, according to the U.S. EIA, 13.7% lower than levels at this time a year ago.

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