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Wednesday 19 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 19 December 2018

Naturalgas trading range for the day is 245.6-277.

Natural gas rebounded as cooler weather is finally making its way from west to east according to the latest forecast from the National Oceanic Atmospheric Administration.

Inventories still remain below the 5-year average range but the deficit is beginning to decline.

Working gas stocks’ deficit to the five-year average decreased, and the deficit to the bottom of the five-year range increased.

Total working gas stocks are 427 Bcf lower than the five-year minimum, and every storage region is currently lower than the bottom of its five-year range.

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