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Wednesday 10 April 2019

EPIC RESEARCH MCX Naturalgas UPDATE OF 10 April 2019

Naturalgas trading range for the day is 184.3-192.1.

* Natural gas eased as the market focused more on forecasts for warmer weather and less heating demand this week than expectations for cooler weather.

* From November 2018 to January 2019, the market had its most volatile three-month stretch since 2009, when the daily spread averaged 7.6 percent, or 29 cents per mmBtu.

* With cooler weather expected next week, projected demand in the Lower 48 U.S. states would rise to an average of 83.7 billion cubic feet per day.

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