EPIC RESEARCH MCX Naturalgas UPDATE OF 28 August 2018

Naturalgas trading range for the day is 199.7-205.5.

Natural gas fell weighed down by strong U.S. gas production and expectations of easing demand due to moderating weather forecasts.

Production in the lower 48 U.S. states averaged a record 82.4 billion cubic feet per day (bcfd) over the past 30 days.

Net injections are lower than the five-year average for the eighth week in a row, according to the EIA.

Working gas stocks totaled 2,435 Bcf, which is 599 Bcf lower than the five-year average and 684 Bcf lower than last year at this time.

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