Monday, 17 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 17 JULY 2017

Naturalgas trading range for the day is 187.6-195.4. Natural gas prices ended flat as updated weather forecasting models continued to point to increased summer demand in the coming weeks. Data showed that natural gas supplies in storage in the U.S. rose less than expected last week. Stockpiles fell week over week to 8.9% below last year’s level, but they remain 6.2% above the five-year average.

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