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Wednesday, 28 February 2018

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 FEBRUARY 2018


Naturalgas trading range for the day is 170.6-180.2.Natural gas gained on forecasts for colder weather and higher heating demand during the first week of March. Despite recent gains, prices are likely to remain vulnerable in the near-term as the coldest part of the winter has effectively passed. Market participants looked ahead to this week's storage data due on Thursday, which is expected to show a draw in a range between 68 and 78 bcf.




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