EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 JULY 2018

Natural gas trading range for the day is 188.8-192.4. Natural gas prices traded in range as heat waves driving up power demand in California and Texas offset forecasts for less hot weather elsewhere in the country. Meteorologists forecast temperatures, which have been higher than normal since the start of June, would remain at above-normal levels through early August. In recent months, the biggest factor affecting the U.S. gas market has been speculation on whether production, which is at record levels.

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