EPIC RESEARCH MCX Naturalgas UPDATE OF 27 December 2018

Posted by Commodity Updates by Epic Research on 12:19:00 with No comments

Naturalgas trading range for the day is 222.9-258.3.

Natural gas bounced back from lows on calls for slightly below normal temperatures, which could lift gas demand for heating.

With warm weather so far this month, utilities have been able to leave more gas in storage than usual in December.

Since early November, the combination of changing weather forecasts and low stockpiles has kept futures volatility at its highest in years.

Refinitiv data indicates 449 heating degree days in the Lower 48 U.S. states over the next two weeks compared with 431 forecast in the prior session.

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