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Friday, 22 April 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 22 APRIL 2016

Naturalgas trading range for the day is 134.3-141.9.       
Natural gas ended flat driven by bearish inventory data and expected tightening supply conditions in the months ahead.              
The US Energy Department said natural gas inventories rose 7bcf in the week ended April 15, slightly higher than the 2bcf increase projected.      
Temperature outlooks are beginning to reflect more spring-like weather, with but the overall picture remains little changed for gas-fired heating and cooling demand.

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