Friday, 11 May 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 11 MAY 2018

Naturalgas trading range for the day is 180.8-193.4.

Naturalgas gained despite a larger than expected inventory build. Prices initially moved lower following a larger than expected build in natural gas inventories.

The US EIA said in its weekly report that natural gas storage in the U.S. rose by 89bcf in the week ended May 4, compared to forecasts for a gain of 81 bcf.

Warmer than normal weather is forecast to cover most of the United States for the next 8-14 day according to the NOAA.


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