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Tuesday 30 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 30 October 2018

Naturalgas trading range for the day is 229.2-237.4.

* Natural gas dropped as production hit a record high and forecasts showed warmer weather and lower heating demand than previously expected.

* Demand in the lower 48 U.S. states would slide to 86.8 billion cubic feet per day (bcfd) next week, down from Friday's forecast of 87.8 bcfd.

* Output in the lower 48 states averaged a record-high 86.0 bcfd over the past 30 days. -

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