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Thursday, 9 February 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 9 FEBRUARY 2017

Naturalgas trading range for the day is 203.9-216.5. Naturalgas recovered from the day's low while market players looked ahead to weekly storage data to gauge supply and demand levels. Prices slumped to a ten-week low as forecasts called for mostly warmer-than-normal weather in U.S. for the rest of the winter. Prices are under pressure as mild weather forecasts for this winter, which has resulted in reduced demand .

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