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Friday 7 December 2018

EPIC RESEARCH MCX Naturalgas UPDATE OF 7 December 2018

Naturalgas trading range for the day is 293.5-326.1.

* Natural gas fell as the market took a break from weeks of extreme volatility after daily production picked up a bit and forecasts calling for warmer-than-normal weather.

* If warmer weather comes, heating demand would decline and utilities would likely leave more fuel in storage, which would trim the inventory deficit.

* Stockpiles are about 19 percent below normal for this time of year, the lowest in around 16 years. -

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