EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 FEBRUARY 2018

Naturalgas trading range for the day is 159.6-170.2. Natural gas dropped on forecasts for less cold weather and heating demand next week than previously expected.The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. fell by 194 billion cubic feet (bcf). That compared with a decline of 119 bcf in the preceding week, a fall of 114 bcf a year earlier and a five-year average drop of 154 bcf.

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