Friday, 7 July 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 07 JULY 2017

Naturalgas trading range for the day is 183.4-189.4. Natural gas recovered on short covering, but stayed near the lowest level in around four months 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. Cooler than normal weather is forecast to cover most of the east coast of the United States over the next 8-14 days according to the NOAA.

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