Friday, 2 June 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 02 JUNE 2017

Naturalgas trading range for the day is 187.4-205.6.Naturalgas dropped below 195 level on fresh selling tapped their lowest levels since mid-March after weekly data show rise in inventories.Energy Information Administration reported that US natural gas stocks increased by 81 billion cubic feet for the week ending May 26.The rise in open interest is supportive to the bearish case, warning that natural gas prices likely had move room to fall.

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