EPIC RESEARCH MCX NATURAL GAS UPDATE OF 5 DECEMBER 2016

Naturalgas trading range for the day is 222.4-249.8. Natural gas prices pulled back as traders took profits following a dramatic rally spurred by expectations of colder weather. The U.S. EIA reported that natural gas stockpiles drained by 50 billion cubic feet last week, bringing total natural-gas stockpiles to 3.995 trillion cubic After an unusually warm autumn, new forecasts show colder temperatures spreading across most of the country starting in the week.

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