Tuesday, 8 July 2014

CAPITAL STROKE UPDATE 8-July-2014 : MCX NATURAL GAS




Naturalgas trading range for the day is 247.1-264.9.

Natural gas dropped more that -3% on concerns that this week's supply report will show soft demand for the commodity.

Investors sold natural gas positions and jumped to the sidelines to prep for Thursday's supply report, with concerns brewing the numbers will show soft demand.

Natural gas stockpiles have grown by 100 or more billion cubic feet for eight consecutive weeks, a record streak since 1994.

Warmer weather will push out a brief cool snap over the U.S., though updated forecasts wouldn't rule out the possibility of another cooling period.

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