EPIC RESEARCH MCX Naturalgas UPDATE OF 16 November 2018

Posted by Commodity Updates by Epic Research on 11:54:00 with No comments

Naturalgas trading range for the day is 238.2-387.4.

* Natural gas plunged over 10 percent as traders took profits after meteorologists downgraded the frigid weather forecasts that caused prices to soar.

* The U.S. Energy Information Administration (EIA) said utilities added 39 billion cubic feet (bcf) of gas into storage during the week ended Nov. 9.

* U.S. natural gas futures volume and implied volatility on NYMEX hit all-time highs.

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