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Tuesday 18 September 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 18 September 2018

Naturalgas trading range for the day is 198.5-207.9.

* Natural gas gained om short covering amid Rupee weakness after prices dropped on forecasts for demand to drop in a couple of weeks.

* There are few disturbances that could threaten infrastructure in the Gulf of Mexico, which has taken some of the wind out of prices.

* Demand continues to remain subdued despite a tick up in residential demand due to warm weather that is forecast to cover most of US for the next 2-weeks.

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