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Wednesday 5 September 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 05 September 2018

Naturalgas trading range for the day is 199.6-207.6.

* Natural gas fell on expectations demand will decline after Tropical Storm Gordon hits the Gulf Coast, causing power outages and cooler weather.

* Several oil and gas rigs have pulled their employees off their platforms which will likely reduce production.

* The weather is expected to be warmer than normal throughout the United States for the next 8-14 days which should increase cooling demand.

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