EPIC RESEARCH MCX NATURAL GAS UPDATE OF 24 JULY 2018

Natural gas trading range for the day is 185.8-191. Natural gas dropped as traders eye the current weather forecast which is expected to be cooler than normal over the next 8-14 days. NOAA is forecasting cool weather throughout the mid-west which is moving eastward and likely reducing cooling demand from natural gas. Production in the Lower 48 U.S. states averaged a record high 80.9 billion cubic feet per day (bcfd) over the past 30 days.

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