EPIC RESEARCH MCX NATURAL GAS UPDATE OF 10 JANUARY 2018

Natural Gas trading range for the day is 177.3-189.7.Natural gas gained as investors demonstrated respect for a key technical support at 179 level but a mixed weather forecast may have limited gains.The Energy Information raised its estimate on natural gas production to about 80.4 billion cubic feet per day in 2018, a 6.9 billion increase from 2017.Total U.S. natural gas storage stood at 3.126 trillion cubic feet, 5.8% lower than levels at this time a year ago and also 5.8% below the five-year average for this time of year.

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