EPIC RESEARCH MCX Naturalgas UPDATE OF 19 November 2018

Posted by Commodity Updates by Epic Research on 12:19:00 with No comments

Naturalgas trading range for the day is 266.7-328.9.

* Natural gas gained on changes in weather forecasts for the rest of November and worries about the small amount of fuel in storage heading into the cold winter months.

* The market was more focused on the latest colder forecasts for next week than warmer forecasts for the last week of November.

* Gas output in the lower 48 states averaged a record high 87.1 bcfd over the past 30 days.

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