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Wednesday 13 June 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 JUNE 2018

Natural gas trading range for the day is 194.7-203.7. Natural gas prices dropped on forecasts for less demand next week than previously expected. Investors reduced their forecast for gas demand in the Lower 48 U.S. states for next week to 75.8 billion cubic feet per day (bcfd) from 76.6 bcfd. That compares with a projected 73.3 bcfd this week and 71.8 bcfd last week when the weather was milder.

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