EPIC RESEARCH MCX NATURAL GAS UPDATE OF 31 OCTOBER 2017

Naturalgas trading range for the day is 189.9-197.9. Natural gas dropped as traders reacted to bearish weather forecasts for most parts of the United States over the next two weeks. Prices often reach a seasonal low in October, when mild weather weakens demand, before recovering in the winter, when heating-fuel use peaks. Prices lost last week as bearish speculators bet that forecasts for warmer weather over the next two weeks will reduce demand for the heating fuel.

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