EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 JUNE 2016
Posted by Unknown on 11:52:00 with No comments
Naturalgas trading range for the day is
172.4-178.4.
Naturalgas traded in the range as traders are waiting for weekly inventory that is expected to show a heavy stockpiles which may continue to limit rallies.
Stockpiles typically build this time of year when production is strong and there is no demand for gas-fired heat.
Updates from MDA Weather Services keep showing unseasonably warm temperatures stretching deeper into June.
Naturalgas traded in the range as traders are waiting for weekly inventory that is expected to show a heavy stockpiles which may continue to limit rallies.
Stockpiles typically build this time of year when production is strong and there is no demand for gas-fired heat.
Updates from MDA Weather Services keep showing unseasonably warm temperatures stretching deeper into June.
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