EPIC RESEARCH MCX Naturalgas UPDATE OF 12 October 2018

Naturalgas trading range for the day is 227.2-250.

Natural gas prices whipsawed tumbling lower as riskier asset came under pressure and then rebounding into the close.

Inventories increased in line with expectations, but the colder than normal weather than is expected to cover most of the US for the next 2-weeks should increase demand.

The Energy Information Administration reported that working gas in storage was 2,956 Bcf as of Friday, October 5, 2018.

Stocks were 627 Bcf less than last year at this time and 607 Bcf below the five-year average of 3,563 Bcf.


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