EPIC RESEARCH MCX Naturalgas UPDATE OF 3 January 2019

Posted by Commodity Updates by Epic Research on 11:06:00 with No comments

Naturalgas trading range for the day is 200-217.6.

* Natural gas gained on short covering after prices dropped on forecasts for warmer weather and lower demand through mid-January.

* Meteorologists predicted the weather would remain warmer than normal through Jan. 13 before turning seasonally cold for a few days.

* That warmth will allow utilities to keep more gas in storage than usual for a few more weeks, cutting the vast storage deficit.

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