Naturalgas trading range for the day is 276.3-289.1.
Natural gas settled flat as markets began to look towards next week's arrival of spring, which brings milder temperatures and curbs demand for heating.
Spring and fall see the weakest demand for natural gas in the U.S, as the absence of extreme temperatures curbs demand.
Total U.S. natural gas storage stood at 1.196 trillion cubic feet as of last week, the lowest for this time of year since 2004.
Technically market is under fresh buying as market has witnessed gain in open interest by 0.45% to settled at 11379
For more details contact : 0731-3299704 or Visit: http://capitalstroke.com/
INDIAN BENCHMARK opened on a flat note with a negative bias on account of weakness in index heavyweights like L&T, HDFC twins and Maruti Suzuki. The market will pay close attention to the January IIP and Feb CPI data today.
ReplyDeletecommodity Tips
Gold traded above a 10-week low as improvements in the U.S. economy were weighed against tension in Ukraine and signs of higher demand in China. Assets in the largest exchange-traded product held at the lowest in 12 weeks.
ReplyDelete