EPIC RESEARCH MCX NATURALGAS UPDATE OF 20 July 2018

Posted by Commodity Updates by Epic Research on 12:42:00 with No comments

Naturalgas trading range for the day is 185-194.8.

* Natural gas prices surged, rallying from support levels, following a smaller than expected build in natural gas inventories.

* The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. increased by 46 billion cubic feet.

* The lower than expected build has flattened the trajectory of builds leaving stocks well below the average of the 5-year range.

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