Tuesday, 7 August 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 7 August 2018

Naturalgas trading range for the day is 193.6-198.6.

* Natural gas settled flat after prices seen supported on expectations that hotter-than-normal weather, even as production is at record highs.

* The amount of gas in storage was now at its lowest level for this time of year in 15 years after four weeks in a row of lower-than-normal storage builds.

* Inventories have dropped below the 5-year average range and with prices still well below the 5-year average.

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