EPIC RESEARCH MCX Naturalgas UPDATE OF 18 April 2019

Posted by Commodity Updates by Epic Research on 13:08:00 with No comments

Naturalgas trading range for the day is 172.3-181.3.

* Natural gas dropped on forecasts for the weather to warm and heating demand to decline over the next two weeks, allowing utilities to shrink the massive storage deficit.

* The market has become much less volatile over the past couple of months, as was the case this time last year when the weather moderated for spring.

* Projected demand in the Lower 48 U.S. states would slide to an average of 77.5 bcfd next week from a forecast 81.4 bcfd.

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