EPIC RESEARCH MCX NATURAL GAS UPDATE OF 13 JULY 2018

Natural gas trading range for the day is 188.9-196.3. Natural gas slipped as production remained near record highs despite a bullish report showing a smaller than expected storage build last week. The U.S. Energy Information Administration (EIA) said utilities added just 51 billion cubic feet (bcf) of gas to storage during the extremely hot week. The increase for the week ended July 6 boosted stockpiles to 2.203 trillion cubic feet (tcf), leaving inventories 19.1 percent below the five-year average.

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