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Tuesday, 28 February 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 FEBRUARY 2017

Naturalgas trading range for the day is 175.8-184.4. Natural gas dropped as forecasts called for mostly warmer-than-normal weather in key regions across the US. Prices of the heating fuel dropped 7% last week, taking its losses for the year to a whopping 30% amid forecasts for warm winter weather. As per NOAA this year’s extremely warm winter has pushed heating demand for natural gas to nearly 20% below average.

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