Wednesday 27 December 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 27 DECEMBER 2017

Naturalgas trading range for the day is 166.5-180.9.Natural gas gained on aggressive short-covering and speculative buying as support seen after a week-end cold blast over key U.S. demand areas. Cold air will sweep across the northern and central US the next few days with lows dropping below 0 degrees Fahrenheit to 20 degrees. EIA reported last Thursday that U.S. natural gas stocks decreased by 182 billion cubic feet for the week-ending December 15.

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