EPIC RESEARCH MCX NATURAL GAS UPDATE OF 17 AUGUST 2016

Posted by Anmol Shah on 14:48:00 with No comments


Naturalgas trading range for the day is 172-176.6. Natural gas gained on expectations that strong demand due to hot weather would help shrink the surplus of fuel. Inventories stand above average levels for this time of year, following a winter of weak demand and robust production. Price have recently been under heavy selling pressure amid speculation that Aug heat won’t prevent stockpiles.

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