EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 MAY 2018

Natural gas trading range for the day is 189.5-197.9. Natural gas prices edged higher on rupee weakness and Lower than average inventories with warmer than expected weather have helped buoy prices. Support seen after updated forecasting models pointed to above-average temperatures covering most of the country through the end of May. Traders looked ahead to this week's storage data due on Thursday. With forecast an increase in a range between 97 and 109bcf for the week ended May 11.

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