EPIC RESEARCH MCX NATURAL GAS UPDATE OF 3 MAY 2018

Natural gas trading range for the day is 181.9-189.7. Natural gas remained under pressure as market players looked ahead to weekly data from the U.S. which is expected to show the first storage build of the injection season. Total natural gas in storage currently stands at 1.281 trillion cubic feet (tcf), according to the U.S. Energy Information Administration. That figure is 897 bcf, or around 41.2%, lower than levels at this time a year ago, and 527 bcf, or roughly 29.1%, below the five-year average for this time of year.

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