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Tuesday 16 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 16 October 2018

Naturalgas trading range for the day is 231.8-245.4.

* Natural gas prices moved higher as colder than normal weather is forecast to move east generating additional heating demand during the balance of October.

* While supply over the past week was flat, demand increased as higher power generating was need increasing consumption by 1%

* Supply remains flat in the latest week according to the EIA as the average total supply of natural gas remained the same as in the previous report week.

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