Monday 15 January 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 15 JANUARY 2018

Naturalgas trading range for the day is 192.2-211.2.Natural gas climbed to their highest since November on forecasts for colder weather and more heating demand next week than previously expected. Stockpiles were over 12 percent below average for this time of year after a record draw last week during a brutal, prolonged freeze for much of the United States. Forecast for gas demand in the lower 48 U.S. states for next week to 125.2 billion cubic feet per day from 124.5 bcfd on expectations of colder weather.

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