Wednesday 28 May 2014

CAPITAL STROKE COMMODITY UPDATE 28 MAY 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 255.1-271.3.
Natural gas rallied as updated weather-forecasting called for above-normal temperatures in US through the first week of June.
Prices are expected to swung in the range today as trader awating for invenory data to assessed the outlook for U.S. demand and supply levels.

Demand for natural gas tends to rise in the summer months as warmer temperatures increase the need for gas-fired electricity to power air conditioning.

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