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Friday 11 January 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 11 January 2019

Naturalgas trading range for the day is 205.3-220.9.

Natural gas eased as the market focused more on a report showing a much smaller-thanusual weekly storage withdrawal than forecasts for colder weather later in the month.

The U.S. Energy Information Administration (EIA) said utilities pulled a smaller-thannormal 87 billion cubic feet of gas from inventories.

The withdrawal, which included a small reclassification of working gas to base gas, cut stockpiles to 2.614 trillion cubic feet.

Extreme volatility at the end of last year has not yet carried into the new year. Since the start of 2019, the spread between the intraday high.

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