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Tuesday 26 February 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 26 February 2019


Naturalgas trading range for the day is 194.7-200.9.

* Natural gas jumped higher on forecasts for colder weather and more heating demand next week than previously expected.

* The market is less concerned about supply for the rest of the winter, given that production is expected to rise from near-record levels.

* With forecasts predicting colder weather than earlier forecast, projected demand in the lower 48 U.S. states would average 129.4 billion cubic feet per day next week


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