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Monday, 29 October 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 29 October 2018

Naturalgas trading range for the day is 228.3-242.1.

* Natural gas fell on forecasts for less cold weather and lower heating demand next week than previously expected.

* The EIA reported that U.S. natural gas stockpiles increased by 58 billion cubic feet for the week-ending October 19.

* Total U.S. stockpiles increased slightly week over week to 16.4% below last year’s level and dipped slightly to 16.8% below the five-year average.

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