EPIC RESEARCH MCX NATURAL GAS UPDATE OF 07 DECEMBER 2016

Naturalgas trading range for the day is 237.9-258.1. Natural gas prices retreated as recent higher prices and heavy stockpiles encouraged traders to cash out of a recent rally. However, stockpiles are still at record highs for this time of year, which is causing the recent rally to stall now that prices have hit such highs. Rising prices have increased oil rigs for five straight counts – to the highest levels in 10 months.




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