EPIC RESEARCH MCX Naturalgas UPDATE OF 12 November 2018

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

Naturalgas trading range for the day is 251.5-286.7.

* Natural gas rose on forecasts for colder weather next week than previously forecast.

* Cold will boost heating demand and cause utilities to start withdrawing fuel from storage facilities that are already about 16 percent below normal levels.

* Despite last week's bigger than expected storage increase, U.S. stockpiles were only at 3.208 trillion cubic feet.

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