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Friday 13 May 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 MAY 2016

Naturalgas trading range for the day is 140.2-148.2.       
Natural gas dropped after data showed that U.S. natural gas supplies rose less than expected last week.          
The weather forecast through May 16 calls for some slight increase in demand while overall demand for natural gas is expected to be low through the next seven days.          
In its weekly report the EIA said natural gas storage in the week ended May 6 rose by 56bcf compared with an increase of 58 bcf.

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