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Tuesday 22 January 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 22 January 2019

Naturalgas trading range for the day is 217.8-246.4.

Naturalgas on MCX settled down -3.65% at 229.50 on fresh selling as prices retraced some of the gains experienced last week.

Colder than normal weather is expected to cover most of the mid-west and east coast for the next 2-week.

The U.S. Energy Department's weekly inventory release showed a bigger-than-expected decrease in natural gas supplies

Total supply of natural gas averaged around 94.4 Bcf per day, up 1% on a weekly basis as dry production edged up.

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