EPIC RESEARCH MCX Naturalgas UPDATE OF 19 September 2018
Posted by Commodity Updates by Epic Research on 11:58:00 with No comments
Naturalgas trading range for the day is 201-217.6.
* Natural gas gained om short covering amid Rupee weakness after prices dropped on forecasts for demand to drop in a couple of weeks.
* There are few disturbances that could threaten infrastructure in the Gulf of Mexico, which has taken some of the wind out of prices.
* Demand continues to remain subdued despite a tick up in residential demand due to warm weather that is forecast to cover most of US for the next 2-weeks.
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