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Monday 8 February 2016

EPIC RESEARCH MCX NATURAL GAS UPDATE OF 8 FEBRUARY 2016

Naturalgas trading range for the day is 132.3-144.5.       
Natural gas prices ended with gains recovering from lows on short covering after prices dropped amid heavy surplus and mixed weather forecasts.          
Prices have been plumbing historic lows in recent months because a winter of tepid heating demand has followed months of record-high production and stockpiles.         
Stockpiles stood 16% above the five-year average and 21% above last year’s levels as of Jan. 22, the most recent data available from EIA

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