EPIC RESEARCH MCX Naturalgas UPDATE OF 7 February 2019

Posted by Commodity Updates by Epic Research on 11:55:00 with No comments

Naturalgas trading range for the day is 188.1-197.7.

* Natural gas settled flat while investors awaited direction as forecasts for slightly colder weather countered record production.

* Gas production in the Lower 48 states, meanwhile, eased to 85.8 bcfd from 86.5 bcfd on Monday due mostly to declines from the offshore Gulf of Mexico.

* That low volatility seems to have started last week even as record cold froze the U.S. Midwest and boosted demand for gas to a record high. -www.kediaadvisory.com

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