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Monday 5 November 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 5 November 2018

Naturalgas trading range for the day is 226.5-248.9.

* Natural gas gained on forecasts for cold weather, with heating demand set to rise quicker than previously expected.

* Storage grew less than expected according to the Energy Information Administration as reflected by their last estimates of injections into stockpiles.

* Projected demand in the lower 48 states would rise to 86.4 billion cubic feet per day (bcfd) next week, up from an expected 85.6 bcfd.

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