EPIC RESEARCH MCX Naturalgas UPDATE OF 5 February 2019

Posted by Commodity Updates by Epic Research on 12:06:00 with No comments

Naturalgas trading range for the day is 187.7-199.9.

Natural gas slipped as the market takes a break from weeks of extreme volatility on forecasts for warmer weather through late February than previously expected.

Despite last week's record cold in parts of the U.S. Midwest that boosted demand for gas to a record high.

The market has taken a break from weeks of extreme volatility over the past four sessions, including so far on Monday.

Gas production in the Lower 48 states, meanwhile, edged up to 86.2 bcfd on Sunday from a four-month low of 85.0 bcfd on Jan. 31.

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