EPIC RESEARCH MCX NATURAL GAS UPDATE OF 24 MAY 2016

Posted by Farhan Khan on 11:56:00 with No comments
Naturalgas trading range for the day is 135.2-146.2.       
Naturalgas settled up at 139.30 after the latest US weather model called for warmer temperatures over the next two weeks, which should increase cooling demand during that time.           
Stockpiles will test physical storage limits of 4.3 trillion cubic feet at the end of October.          
In almost all of the weather forecasts we've seen thus far, all estimates point to a much warmer-than-expected summer due to the transition from El Nino to La Nina.


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