EPIC RESEARCH MCX Naturalgas UPDATE OF 18 January 2019

Posted by Commodity Updates by Epic Research on 10:58:00 with No comments

Naturalgas trading range for the day is 234.6-262.2.

* Natural gas ended slightly firmer as news of a small weekly withdrawal offset forecasts that extreme cold will blanket much of the nation through February.

* The U.S. EIA said utilities pulled just 81 billion cubic feet (bcf) of gas from inventories during the warmer than normal week ended Jan. 11.

* Cold forecasts for the next few weeks sparked renewed concerns about low stockpiles and revived the extreme volatility seen at the end of 2018.

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