EPIC RESEARCH MCX NATURAL GAS UPDATE OF 26 JUNE 2018

Natural gas trading range for the day is 195.9-201.3. Natural gas fell as production rose to fresh record highs, despite expectations for more cooling demand due to hotter-than-normal weather forecast next week. Production in the lower 48 U.S. states has averaged a record-high 79.53 billion cubic feet per day (bcfd) over the past 30 days. In recent months, the biggest factor affecting the gas market has been whether production, which is at record highs, would be enough to cut the vast storage deficit.

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