EPIC RESEARCH MCX NATURAL GAS UPDATE OF 20 APRIL 2018

Natural gas trading range for the day is 173.5-182.5. Natural gas prices remained under pressure as traders face difficulty in forecasting near-term demand due to the erratic weather patterns in the U.S. The U.S. Energy Information Administration (EIA) reported that U.S. natural gas stocks decreased by 36 billion cubic feet for the week ending April 13. Total stocks now stand at 1.299 trillion cubic feet, down 808 billion cubic feet from a year ago, and 449 billion below the five-year average, the government said.

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