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Thursday 1 November 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 1 November 2018

Naturalgas trading range for the day is 232.9-247.3.

* Natural gas rose on forecasts for cooler weather and more heating demand than previously expected for the next two weeks.

* The market was more focused on the coming cold weather and vast storage deficit for this time of year than production, which is at a record high and growing.

* The projected demand in the lower 48 states would rise to 85.7 billion cubic feet per day (bcfd) next week, up from Tuesday's forecast of 85.4 bcfd.

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