EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 JANUARY 2017

Naturalgas trading range for the day is 214.9-231.3. Natural gas dropped because of winter weather forecasts that keep getting progressively warmer. Total natural gas in storage currently stands at 2.917 trillion cubic feet, according to the U.S. EIA, 12.9% lower than levels at this time a year ago. Meanwhile, weather forecasts for the end of January turned warmer, which should dampen demand for the heating fuel.




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