EPIC RESEARCH MCX Naturalgas UPDATE OF 23 August 2018

Posted by Commodity Updates by Epic Research on 11:32:00 with No comments

Naturalgas trading range for the day is 205-209.6.

* Natural gas inched down on forecasts for hotter-than-normal weather and worries surrounding low inventories in storage.

* Early estimates showed utilities were likely to inject 41 bcf of 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.

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