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Wednesday, 18 January 2017

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 18 JANUARY 2017


Naturalgas trading range for the day is 222.1-244.1. Natural gas prices ended lower, pulling back after hitting a two-week high amid colder forecasts for the end of January. Natural gas markets have been volatile in recent weeks, changing course rapidly in response to shifting outlooks in short-term weather patterns. Meanwhile, market participants looked ahead to weekly storage data due on Thursday, which is expected to show a draw in a range between 220 and 230 bcf.

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