EPIC RESEARCH MCX NATURAL GAS UPDATE OF 16 JANUARY 2018

Posted by aditi on 11:41:00 with No comments
Naturalgas trading range for the day is 195.4-204.4.Natural gas dropped on profit booking after prices rose on forecasts for colder weather and more heating demand next week than previously expected. Stockpiles were over 12 percent below average for this time of year after a record draw last week during a brutal, prolonged freeze for much of the United States. Forecast for gas demand in the lower 48 U.S. states for next week to 125.2 billion cubic feet per day from 124.5 bcfd on expectations of colder weather .






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