EPIC RESEARCH MCX Naturalgas UPDATE OF 8 January 2019

Posted by Commodity Updates by Epic Research on 11:05:00 with No comments

Naturalgas trading range for the day is 200.2-212.2.

Natural gas fell on forecasts for less heating demand over the next two weeks than previously expected.

The ongoing warmth will allow utilities to keep more gas in storage than usual for at least a couple more weeks, cutting the vast storage deficit.

Stockpiles are now 17 percent below normal for this time of year and at their lowest in 13 years.

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

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