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Thursday 21 February 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 21 February 2019


Naturalgas trading range for the day is 185.2-193.

Natural gas settled down pressured by high production levels which offset early gains from forecasts for colder-than-expected weather.

Gas production in the Lower 48 held near record-high level of 87.0 bcfd on Tuesday, according to data.

Implied volatility for gas futures has tumbled nearly 70 percent over the past month because the market is less concerned about supply for the rest of the winter.

Utilities likely pulled 162 billion cubic feet of gas from inventories during the week ended Feb. 15.


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