EPIC RESEARCH MCX NATURAL GAS UPDATE OF 24 OCTOBER 2016
Posted by investment adviser on 12:00:00 with No comments
Natural gas trading range for the day is 196-211.4.
Natural gas prices fell to a new two-week low under pressure from high stockpile levels and concerns over demand amid warm weather forecasts.
Prices have also fallen on forecasts for warmer-than-normal temperatures over the next few weeks, which could dent demand for natural gas.
Higher-than-expected storage data has weighed on natural gas, adding to speculation that stockpiles could hit a new record ahead of the winter season.
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