Monday, 17 October 2016

EPIC RESEARCH MCX NATURALGAS UPDATE OF 17 Oct 2016

Naturalgas trading range for the day is 213.5-226.9.
Natural gas prices dropped following U.S. government data that showed a smaller-than-expected addition to stockpiles.
The natural gas weekly rig count showed 11 additional natural gas rigs--the largest weekly increase since late 2014.Market participants have been counting on a combination of winter heating demand and lower drilling activity to lead to higher prices.


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