EPIC RESEARCH MCX Naturalgas UPDATE OF 22 March 2019

Posted by Commodity Updates by Epic Research on 12:15:00 with No comments

Naturalgas trading range for the day is 191.4-196.

* Natural gas held steady following the release of a federal report showing a smaller than usual weekly storage draw that was in line with estimates.

* Implied volatility for gas futures tumbled more than 75 percent since mid-January to a record low.

* The US EIA said utilities pulled just 47 billion cubic feet (bcf) of gas from inventories during the warmer than normal week ended March 15.

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