EPIC RESEARCH MCX Naturalgas UPDATE OF 16 January 2019

Naturalgas trading range for the day is 234.6-272.4.

Natural gas pulled back as forecasts for less cold next week offset calls for brutally frigid weather at the end of the month.

Meteorologists moderated their earlier forecast for the last week of January, noting the weather would remain near normal this week.

Intense volatility late last year was due to a combination of changing weather forecasts and concerns about low stockpiles.

With less cold expected next week, Refinitiv projected demand for gas in the Lower 48 states would fall to 124.7 billion cubic feet per day.


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