Tuesday, 20 June 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 20 JUNE 2017

Naturalgas trading range for the day is 180.4-199. Natural gas prices dropped as updated weather forecasting models pointed to weak demand in the weeks ahead. Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer heating demand. Total natural gas in storage currently stands at 2.709 trillion cubic feet, according to the U.S. EIA, 10.6% lower than levels at this time a year ago.

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