EPIC RESEARCH MCX Naturalgas UPDATE OF 8 August 2018

Posted by Commodity Updates by Epic Research on 11:39:00 with No comments

Naturalgas trading range for the day is 196.2-200.6.

* Natural gas rose on expectations that hot weather this week would keep the amount of gas available to go into storage low, despite record production.

* The amount of gas in storage was now at its lowest level for this time of year in 15 years after four consecutive weeks of lower-than-normal storage builds.

* Temperatures across much of the country, however, have remained mostly steady at above-normal levels since the start of June.

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