EPIC RESEARCH MCX NATURAL GAS UPDATE OF 1 JUNE 2016

Posted by Farhan Khan on 11:45:00 with No comments
Naturalgas trading range for the day is 143.1-161.5.       
Natural gas rallied sharply more than 6% as forecasts for the coming week turned warmer, boosting near-term demand expectations.  
According to the EIA Annual Outlook consumption is expected to increase by approximately 1% per year, increasing from 28Tcf in 2015 to 34Tcf by 2040. 
Technically Natural Gas prices seen fresh buying as market has witnessed gain in open interest by 106.93% to settle at 12714. 


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