EPIC RESEARCH MCX Naturalgas UPDATE OF 24 January 2019

Posted by Commodity Updates by Epic Research on 11:52:00 with No comments

Naturalgas trading range for the day is 204.3-231.5.

* Natural gas prices dropped after the forecasts called for less severe weather in February than previously expected.* However, downside seen limited amid concerns production in the Marcellus and Utica shale declined

following a pipe blast in Ohio earlier this week.

* The U.S. Energy Information Administration report will likely show the amount of gas in inventory last week was higher than the same time last year.

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