Sunday 8 June 2014

CAPITAL STROKE UPDATE 9-June-2014 : MCX NATURAL GAS




Natural gas trading range for the day is 274.6-282.6.
Natural gas seen supported after updated weather forecasting models called or warm, summertime temperatures to settle in coming days.
The U.S. Energy Information Administration said in its weekly report that natural gas storage rose by 119 billion cubic feet.
Producers would need to add approximately 2.5 trillion cubic feet to storage by November 1 to meet typical winter demand.

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