EPIC RESEARCH MCX Naturalgas UPDATE OF 14 November 2018

Posted by Commodity Updates by Epic Research on 12:30:00 with No comments

Naturalgas trading range for the day is 271.4-304.8.

* Natural gas rose driven by expectations of colder-than-normal weather over the next two weeks and concerns about low inventories during the winter.

* With colder weather projected, data showed total degree days (TDDs) in the lower 48 U.S. states would rise to 371 over the next two weeks, up from the 369 forecasted.

* Projected demand in the lower 48 U.S. states will rise to 108.3 billion cubic feet per day (bcfd) this week and 104.5 bcfd next week.

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