EPIC RESEARCH MCX NATURAL GAS UPDATE OF 3 APRIL 2018

Natural gas trading range for the day is 169.3-182.7. Natural gas settled lower, pulled down by profit-taking after prices rose last week on forecasts for cooler-than-normal weather through the first half of April. Speculators are betting on a sharp rebound in the country's severely depleted gas stocks, helped by rising shale gas production in the United States. Early estimates showed utilities likely withdrew 28 billion cubic feet (bcf) of gas from storage during the week ended March 30.

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