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Tuesday, 31 July 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 31 JULY 2018

Natural gas trading range for the day is 189.7-195.3. Natural gas remained supported amid forecasts for more hot weather and higher demand next week than previously expected. Production in the Lower 48 U.S. states averaged a record-high 81.0 billion cubic feet per day over the past 30 days. Working gas stocks are on pace to end the refill season lower than the five-year range, net injections into storage are 19% lower than the five-year average rate.

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