EPIC RESEARCH MCX Naturalgas UPDATE OF 31 October 2018

Posted by Commodity Updates by Epic Research on 12:14:00 with No comments

Naturalgas trading range for the day is 228.6-244.6.

* Natural gas prices gained but pared most of its gains on forecasts for less heating demand than previously expected over the next two weeks.

* Demand in the lower 48 states would fall to 85.4 billion cubic feet per day (bcfd) next week, down from forecast of 86.8 bcfd.

* Output in the lower 48 averaged a record-high 86.1 bcfd over the past 30 days, on a daily basis, output rose to an all-time high of 87.5 bcfd .

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