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Wednesday 20 February 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 20 February 2019

Naturalgas trading range for the day is 184.7-193.3.

* Natural gas rose after forecasts showed colder-than-expected weather, but the fuel's gains were capped by higher production levels.

* The temperatures in the Midwest are very cold, the expectation is that the cold weather is going to stay around until end-February.

* Demand for gas in the Lower 48 U.S. states would reach 118.6 billion cubic feet per day (bcfd) for the current week and 113.0 bcfd for the next week

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