EPIC RESEARCH MCX NATURAL GAS UPDATE OF 24 NOVEMBER 2017

Naturalgas trading range for the day is 181.1-196.9. Natural gas prices ended with losses as oversupply concerns gripping natural gas prices. EIA report shows a change of -46 Bcf against the estimate of -50 Bcf and 5 Bcf lower than the consensus average of -51 Bcf. In the seven calendar days up to November 22, the discount expanded and natural gas prices fell. So concerns surrounding natural gas supplies could be rising.

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