EPIC RESEARCH MCX Naturalgas UPDATE OF 5 November 2018
Posted by Commodity Updates by Epic Research on 11:35:00 with No comments
Naturalgas trading range for the day is 226.5-248.9.
* Natural gas gained on forecasts for cold weather, with heating demand set to rise quicker than previously expected.
* Storage grew less than expected according to the Energy Information Administration as reflected by their last estimates of injections into stockpiles.
* Projected demand in the lower 48 states would rise to 86.4 billion cubic feet per day (bcfd) next week, up from an expected 85.6 bcfd.
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