Tuesday, 15 May 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 15 MAY 2018


Naturalgas trading range for the day is 187-195.2.

Natural gas rose as forecasts for continued warm weather is expected to boost the amount of gas power generators will burn to meet rising air conditioning use.

The two biggest factors affecting the gas market in recent weeks were record-high production and the vast storage deficit.

Meteorologists forecast temperatures will remain higher than normal over the next two weeks.

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