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Tuesday, 17 May 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 17 MAY 2016

Naturalgas trading range for the day is 132.6-142.4.       
Natural gas slumped by -3.75% after the latest weather model called for mild temperatures over the next two weeks.              
Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand.             
Total natural gas storage stood at 2.681tcf as of last week, according to the US EIA.

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