EPIC RESEARCH MCX NATURAL GAS UPDATE OF 17 OCTOBER 2017
Posted by aditi on 11:34:00 with No comments
Natural Gas trading range for the day is 185.3-197.7.Natural gas prices dropped as traders reacted to forecasts showing a return to mild weather after a cold spell in the eastern U.S.Bearish speculators are betting that the warmer weather will reduce early-winter demand for the heating fuel.Prices often reach a seasonal low in October, when mild weather weakens demand, before recovering in the winter, when heating-fuel use peaks.
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