EPIC RESEARCH MCX NATURAL GAS UPDATE OF 11 MAY 2016
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Naturalgas trading range for the day is 138.1-148.3. Natural gas rose sharply by 2.56% as forecasts for late this week and early next week turned cooler, boosting near-term demand expectations for the heating fuel.
A weather system with heavy showers and thunderstorms is tracking through the central U.S. with slightly cool conditions expected to last through May 16.
Prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand.
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