EPIC RESEARCH MCX Naturalgas UPDATE OF 17 December 2018

Posted by Commodity Updates by Epic Research on 11:28:00 with No comments


Naturalgas trading range for the day is 261.4-301.8.

* Natural gas prices dropped on forecasts for warmer weather next week than previously expected.

* Stockpiles are now 20 percent below the normal for this time of year and at their lowest in 16 years.

* Since the middle of November, the combination of changing weather forecasts and low stockpiles has kept futures prices and volatility near their highest in years


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