EPIC RESEARCH MCX Naturalgas UPDATE OF 28 March 2019

Posted by Commodity Updates by Epic Research on 12:05:00 with No comments

Naturalgas trading range for the day is 185.3-192.5.

Natural gas dipped as forecasts for warmer weather reduced expectations for heating demand over the next two weeks.

With the weather expected to warm, data provider Refinitiv cut its demand projection for the Lower 48 U.S. states next week to an average of 89.8 billion cubic feet per day

Output in the lower 48, meanwhile, climbed to a near record high 88.8 bcfd, its highest since early December when production was still close to the all-time daily high.

The market has become much less volatile over the past few months as the weather has moderated with the approach of spring.`

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