EPIC RESEARCH MCX NATURAL GAS UPDATE OF 01 FEBRUARY 2018

Naturalgas trading range for the day is 179.4-211. Natural gas dropped on forecasts for less cold weather and heating demand over the next two weeks than previously expected. A recent blast of cold weather across parts of the U.S. over the past few weeks has resulted in unusually strong storage withdrawals for natural gas. Meanwhile, market participants looked ahead to storage data, which is expected to show a draw in a range between 90 and 110 billion cubic feet.

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