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Friday, 8 April 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 8 APRIL 2016

Naturalgas trading range for the day is 123.5-139.7.       
Natural gas rallied in the line of expectation closed with the gain near to 5% despite data showing supplies in storage rose.    
EIA said in its weekly report that natural gas storage in the U.S. in the week ended April 1 rose by 12bcf.           
Updated weather forecasting models pointed to a burst of chillier-than-normal weather across most parts of the US in the coming days.

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