EPIC RESEARCH MCX Naturalgas UPDATE OF 20 November 2018

Posted by Commodity Updates by Epic Research on 11:57:00 with No comments

Naturalgas trading range for the day is 298.3-362.3.

* Natural gas jumped on forecasts for colder weather than previously expected, prompting worries that prices could spike even higher this winter due to tight supplies in storage.

* The latest forecast pointed to continued colder-than-normal weather through the end of the month since TDDs usually only reach 336 this time of year.

* There is projection for gas demand in the lower 48 U.S. states to 105.6 billion cubic feet per day for this week from 106.3 bcfd.

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