EPIC RESEARCH MCX Naturalgas UPDATE OF 29 AUGUST 2018

Naturalgas trading range for the day is 198.3-203.5.

Natural gas fell on expectations of a decline in cooling demand and sustained record production.

This comes despite low inventory levels that have a flat trajectory and have a lot of stockpiles to make up prior to the withdrawal season.

The weather is expected to be warmer than normal over the next 8-14 days which should drive up cooling demand at the tail end of the summer cooling season.

Production continues to remain buoyed which is keeping a lid on prices, there is no tropical cyclone weather expected in the Atlantic or Caribbean for the next 48-hours.


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