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Wednesday, 18 May 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 18 MAY 2016

Naturalgas trading range for the day is 134.1-141.3.       
Natural Gas gained nearly 1% as bounce off from lows and summer temperatures seem to remain near the low end of the cycle.  
Overall, the market remains oversupplied and there is the potential that if producers input a large amount of gas into storage that next winter could disappoint, again.          
Market players warn that storage tanks and caverns could run out of room to hold gas by the fall. 

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