EPIC RESEARCH MCX NATURAL GAS UPDATE OF 6 AUGUST 2018

Natural gas trading range for the day is 192.6-198.6. Natural gas climbed on expectations hot weather would keep the amount of gas going into storage low over the next two weeks. With another smaller-than-usual build in stockpiles last week, the amount of gas in storage was now at its lowest for this time of year in 15 years. Despite recent gains, overall price volatility has remained low since February as the market cannot decide whether to fall because production is at record levels. Production in the Lower 48 U.S. states averaged a near record-high 80.9 billion cubic feet per day (bcfd) over the past 30 days.

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