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Thursday, 12 May 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 12 MAY 2016

Naturalgas trading range for the day is 139.8-148.2.       
Natural gas settled up on expectations that stockpiles grew last week by less than average for this time of year.          
Support also seen as cold temperatures in the next two weeks could also spur more heating demand, limiting injections into storage in the coming weeks.         
Traders are eyeing on the EIA's next storage report slated for release on Thursday is expected to show a build of approximately 60bcf for the week ending May 6. 

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