Tuesday, 18 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 18 JULY 2017

Naturalgas trading range for the day is 190.2-198.2.Natural gas settled up with strong gains as updated weather forecasting models pointed to increased summer demand in the weeks ahead. The heat conditions overall should maintain strong demand for gas which will help underpin prices over the next few days. Total natural gas in storage currently stands at 2.945tcf, according to the US EIA, 8.9% lower than levels at this time a year ago.

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