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Wednesday, 22 November 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 22 NOVEMBER 2017

Naturalgas trading range for the day is 193.8-200.2. Natural gas sustained below 197 level mark amid forecasts for less heating demand over the next two weeks. Prices often reach a seasonal low in late October and early November, when mild weather weakens demand, before recovering in the winter.Total natural gas in storage currently stands at 3.772tcf, according to the US EI. That figure is 271 bcf lower than levels at this time a year ago.

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