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Monday, 1 April 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 1 April 2019

Naturalgas trading range for the day is 184.2-191.2.

Natural gas fell on forecasts for warmer weather and less heating demand than previously expected in the next two weeks.

Traders also noted production was near record highs and liquefied natural gas (LNG) exports were down from last week's record highs.

Utilities likely added 3 billion cubic feet (bcf) of gas to inventories during the week ended March 29, which would be the first increase of the year.

Natural gas speculators in four major NYMEX, ICE markets cut net long positions by 11,410 contracts to 194,974 during the week.

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