EPIC RESEARCH MCX NATURAL GAS UPDATE OF 21 JULY 2016

Posted by Farhan Khan on 12:54:00 with No comments

Naturalgas trading range for the day is 175.5-185.5.       
Natural gas prices fell below 180 level mark as oversupply concerns continue to creep back into the market.  
Inventory data due is likely to show the glut grew last week. EIA is likely to report that stockpiles last week grew by 38bcf.              
Still predicting above-average temperatures, some private forecasters removed some of the extreme heat they had predicted. 

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