EPIC RESEARCH MCX NATURAL GAS UPDATE OF 22 JULY 2016

Posted by Farhan Khan on 11:43:00 with No comments
Naturalgas trading range for the day is 174.3-184.7.      
Natural gas recovered from the day's low after data showed that supplies in storage rose less than expected last week.              
EIA said in its weekly report that natural gas storage rose by 34bcf, below forecasts for an increase of 39 billion.          
Unless intense summer heat boosts demand from power plants, stockpiles will test physical storage limits of 4.3tcf.


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