EPIC RESEARCH MCX NATURAL GAS UPDATE OF 10 MAY 2016
Posted by Unknown on 14:22:00 with No comments
Naturalgas trading range for the day is 137.6-143.8. Natural gas hold 140 level while sentiments remain weak as weather forecasts limited expectations for gas-fired heating or cooling demand.
Updated forecasts show temperatures remaining normal for the most part into late May, with no apparent ramp-up to summer-like heat on the horizon.
Data released by the US CFTC shows speculators growing increasingly bearish on the market as it pulls back from a bull run that lasted into late April.
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