EPIC RESEARCH MCX NATURAL GAS UPDATE OF 30 DECEMBER 2016

Naturalgas trading range for the day is 249.7-267.3. Natural gas prices retreated after moderating weather forecasts despite a larger-than-expected withdrawal from stockpiles. EIA said its storage declined by a whopping 237bcf in the week ended December 23, exceeding market expectations for a drop of 222bcf. Artic air is expected into the West and then spreading south and east in the first week of January, boosting demand expectations for the heating fuel.


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