Tuesday, 6 June 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 06 JUNE 2017

Naturalgas trading range for the day is 186.1-199.9.Natural gas slid after the US weather model called for mild temperatures over the next two weeks. Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand. Market participants looked ahead to weekly storage data due on Thursday, which is expected to show a build in a range between 88 and 98bcf.

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