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Wednesday 14 March 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 14 MARCH 2018

Natural gas trading range for the day is 178.4-184.2. Natural gas pared gains on profit booking after prices rose on expectations of colder-than-normal weather over the next two weeks. Inventories of natural gas remain below the 5-year average but above the 5-year average range. Meanwhile, market participants looked ahead to storage data due on Thursday, which is expected to show a draw in a range between 92 and 104bcf in the week.

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