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Friday, 29 March 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 29 March 2019

Naturalgas trading range for the day is 187.4-192.8.

Natural gas traded in range following the release of a federal report showing a weekly storage draw that was close to expectations.

Prices seen some support on forecasts for slightly cooler weather that is expected to boost heating demand a bit over previous forecasts.

The US EIA said utilities pulled 36 billion cubic feet (bcf) of gas from inventories during the week ended March 22.

The market has become much less volatile over the past few months as the weather has moderated with the approach of spring and the view that near-record.

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