EPIC RESEARCH MCX Naturalgas UPDATE OF 21 January 2019

Posted by Commodity Updates by Epic Research on 11:41:00 with No comments

Naturalgas trading range for the day is 221.1-252.7.

Natural gas dropped on a forecast for less cold weather next week and reduced concerns about fuel in storage.

With slightly less cold expected, Refinitiv, reduced its demand projection for next week for the Lower 48 U.S. states to 119.2 billion cubic feet per day.

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

Cme Raises Natural Gas Henry Hub Future (Ng) Margins By 9.5 Percent To $4,600 Per Contract From $4,200 For Feb. 2019.

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