EPIC RESEARCH MCX NATURAL GAS UPDATE OF 10 JUNE 2016

Naturalgas trading range for the day is 159.7-183.5.        
Natural gas soared by 6.71% to mark their highest close since late Sept'15, after a weekly report showed that supplies rose less than expected.            
Sentiments remain bullish as Natural gas is still cheap enough to drive decent power sector natural gas consumption, largely due to coal-to-gas switching.    EIA reported that domestic supplies of natural gas in storage rose 65bcf for the week ended June 3.

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