EPIC RESEARCH MCX Naturalgas UPDATE OF 21 August 2018

Naturalgas trading range for the day is 198.6-209.8.

Natural gas inched down as investors booked profits but concerns surrounding low inventories in storage kept the losses in check.

Overall futures volatility has remained relatively low since February, with prices supported by tight supplies but pressured by strong gas output.

Early estimates showed utilities were likely to inject 41 bcf gas into storage in the week of Aug. 17.

The increase would also boost stockpiles to 2.428 tcf, leaving inventories about 20 percent below the five-year average of 3.034 tcf for this time of year.

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