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Thursday 23 February 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 FEBRUARY 2017

Naturalgas trading range for the day is 165.7-181.5. Naturalgas recovered on short-covering as traders betting a steep fall may be petering out. NOAA said this year’s extremely warm winter has pushed heating demand for natural gas to nearly 20% below average. Market looked ahead to weekly storage data due on Thursday, which is expected to show a draw of 86bcf.

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