EPIC RESEARCH MCX NATURAL GAS UPDATE OF 29 NOVEMBER 2016

Naturalgas trading range for the day is 221-235. Natural gas prices rose for the sixth straight session with forecasts that cooler weather is setting in, which will likely lead to increased demand. The bullish case continues to be enhanced by a slow response by the production community and near-term production losses.  Rig counts inched higher before the Thanksgiving holiday but continues to lag year-ago and long-term averages.

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