Tuesday, 9 May 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 09 MAY 2017

Natural gas trading range for the day is 197.9-212.7.Natural gas dropped as traders monitored shifting weather forecasts to assess the outlook for spring demand.Weather appears to have shifted which could help boost demand, but colder than normal weather should reduce cooling demand.
Total natural gas in storage currently stands at 2.256tcf, 13.7% lower than levels at this time a year ago.

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