EPIC RESEARCH MCX NATURAL GAS UPDATE OF 11 JUNE 2018

Natural gas trading range for the day is 193.1-199.1. Natural gas declined after there were no surprises in this week's storage report and production increased to near record highs. Production in the Lower 48 states rose to 79.4 billion cubic feet per day (bcfd) after slipping to a near three-week low of 78.1 bcfd on Tuesday. Forecast gas demand in the Lower 48 U.S. states would rise to 74.6 bcfd next week and 75.7 bcfd in two weeks from 71.8 bcfd in the week.

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