EPIC RESEARCH MCX NATURAL GAS UPDATE OF 23 DECEMBER 2016

Naturalgas trading range for the day is 233.9-249.7. Natural gas gained after data showed that natural gas supplies in storage in the U.S. fell much more than the five-year average for this time of year last week. The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. declined by 209 bcf. That compared with a decline of 147 bcf in the preceding week, 32 billion a year earlier and a five-year average drop of 101 bcf.

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