EPIC RESEARCH MCX NATURAL GAS UPDATE OF 2 JUNE 2016

Posted by Farhan Khan on 12:01:00 with No comments
Naturalgas trading range for the day is 150.9-167.1.       
Natural gas rallied to close with more that 4% climbing to a five-month high as forecasts for intense heat, boosting near-term demand expectations.     
Weather updates for mid-June have been getting gradually warmer, areas that are likely to have temperatures as much as five-degrees-Fahrenheit above normal         
Traders looked ahead to fresh weekly information on U.S. gas inventories that is expected to show a build of approximately 84bcf.


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