EPIC RESEARCH MCX NATURAL GAS UPDATE OF 06 NOVEMBER 2017

Naturalgas trading range for the day is 188.1-197.5. Natural gas prices gained on forecasts utilities could start pulling gas out of storage as heating demand rises with the weather turning seasonally cooler.The latest forecasts call for seasonal temperatures over the next two weeks that will slowly boost heating demand as the weather turns colder. U.S. gas consumption will rise to an average of 83.8 billion cubic feet day (bcfd) next week and 86.4 bcfd in two weeks, from 78.8 bcfd.




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