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Monday 3 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 3 December 2018

Naturalgas trading range for the day is 304-334.4.

* Natural gas prices dropped on forecasts for warmer weather than previously expected and a return to record production

* Warmer temperatures in mid December should enable utilities to pull less gas than normal from storage in coming weeks.

* The latest weather forecast called for warmer-than-normal weather over the weekend, followed by colder-than-normal next week.

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