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Monday, 11 March 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 11 March 2019

Naturalgas trading range for the day is 199.1-203.7.

* Natural gas gained on expectations the massive storage deficit will rocket higher due to vast withdrawals needed to meet heating demand during the brutal cold.

* The market has become much less volatile over the past month with the approach of spring due to a widely held belief that record and growing production.

* Meteorologists forecast the weather would turn from brutally cold this week to seasonally cool next week and a little colder than normal during the week of March 17.

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