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Friday, 20 May 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 20 MAY 2016

Naturalgas trading range for the day is 130.9-142.5.       
Natural gas recovered from the day's low after data showed that natural gas supplies in storage in the U.S. rose broadly in line with market expectations last week.          
EIA said in its weekly report that natural gas storage in the U.S. in the week ended May 13 rose by 73 billion cubic feet, compared to expectations for a gain of 78 billion.          
U.S. weather model called for mild temperatures over the next two weeks, which should reduce heating demand during that time.

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