Wednesday, 12 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 12 JULY 2017

Naturalgas trading range for the day is 186.2-202.4. Naturalgas prices surged higher as warmer than normal weather is expected to cover most of the US for the next 8-14 days. Updated weather forecasting models showed temperatures over most of the US will warm back into the upper 90s to 100s Fahrenheit this week. Total natural gas in storage currently stands at 2.888tcf, according to the US EIA, 9.0% lower than levels at this time a year ago.

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