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Wednesday 9 January 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 9 January 2019

Naturalgas trading range for the day is 200.1-220.9.

Natural gas edged higher on forecasts for colder weather than previously expected in late January as the market took a break from weeks of extreme volatility.

In their latest forecasts, meteorologists predicted the weather would remain mostly warmer than normal to seasonally cold through Jan. 17.

The warmth expected this week should allow utilities to reduce the vast storage deficit by leaving more fuel in underground storage facilities.

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