EPIC RESEARCH MCX NATURAL GAS UPDATE OF 6 MAY 2016
Posted by Unknown on 11:31:00 with No comments
Naturalgas trading range for the day is 133.7-147.9. Natural gas dropped sharply after the EIA reported a storage injection that was somewhat greater than what the market was expecting.
Updated weather forecasting models showed that temperatures may be warmer than normal on the U.S. East Coast from May 9 to May 13 after a cold spell this week.
The US EIA said in its weekly report that natural gas storage in the US in the week ended April 29 rose by 68bcf against 64bcf.
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