Thursday, 6 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 06 JULY 2017

Naturalgas trading range for the day is 175.8-200.4. Natural gas prices dropped below 185 level extending losses amid bearish weather forecasts that should limit demand for the fuel. Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer heating demand. Qatar said it plans to increase natural gas production by 30% over the next several years, as it faces pressure from its neighbors in a diplomatic crisis.

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