EPIC RESEARCH MCX NATURAL GAS UPDATE OF 4 MAY 2016
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Naturalgas trading range for the day is 134.4-142.8. Natural gas ended higher, one day after plunging by the most in three months, as traders returned to the market to seek cheap valuations.
Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on spring heating demand.
Total U.S. natural gas storage stood at 2.557 trillion cubic feet as of last week, according to the U.S. Energy Information Administration.
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