Tuesday, 27 June 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 27 JUNE 2017

Naturalgas trading range for the day is 190.5-196.9. Natural gas gained as updated weather forecasting models pointed to increased summer 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 2.770 trillion cubic feet, according to EIA, 10.4% lower than levels at this time a year ago.

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