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Wednesday, 20 March 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 20 March 2019

Naturalgas trading range for the day is 191.9-202.9.

Natural gas edged up on forecasts for cooler weather and higher heating demand next week than previously expected.

Traders said the market has become much less volatile over the past several weeks as the weather moderates with the approach of spring.

With the weather expected to cool, projected demand in the Lower 48 U.S. states will rise to an average of 96.0 bcfd.

The utilities likely pulled a near-normal 52 billion cubic feet (bcf) of gas from inventories during the week ended March 15.

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