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Friday 15 March 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 15 March 2019

Naturalgas trading range for the day is 195.5-199.5.

* Natural gas prices traded in range after the release of a report showing a slightly smaller-than-expected though still massive weekly storage draw.

* US EIA said utilities pulled 204 bcf of gas from inventories during the frigid week ended March 8, the biggest withdrawal during the month of March on record.

* Meteorologists held to their previous forecast for the next two weeks, projecting temperatures will remain mostly warmer than normal over the next two weeks.

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