EPIC RESEARCH MCX NATURAL GAS UPDATE OF 28 MAY 2018

Natural gas trading range for the day is 196.2-205. Natural gas soared to settled near 200 level after revised National Weather Service forecasts showed above-average temperatures. Support seen as jump in cooling load and linger demand for heating boosted overall consumption for natural gas by 4% in the week to May 16. Demand increases week over week as electric power sector consumption rises.

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