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Monday, 10 September 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 10 September 2018

Naturalgas trading range for the day is 197.5-203.1.

* Natural gas gained on short covering after prices remained under pressure on forecasts for cooler weather and lower demand than previously expected.

* According to the U.S. Energy Information Administration, U.S. natural gas in storage increased by 63 Bcf to 2.568 Tcf for the week-ended August 31

* Prices dropped earlier in the week because Tropical Storm Gordon brought cooler weather to the lower Mississippi River valley after hitting the Gulf Coast Tuesday night.

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