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Wednesday, 10 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 10 October 2018

Naturalgas trading range for the day is 233.8-254.4.

* Natural gas dropped on profit booking as traders are eyeing Hurricane Michael, storm headed for the Florida Panhandle in the Gulf of Mexico.

* For now, prices are easing as traders believe the storm will remain on its current trajectory and miss most of the natural gas production installations.

* The EIA reported that net injections are higher than the five-year average.

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