Tuesday, 19 August 2014

CAPITAL STROKE COMMODITY UPDATE 19-AUG-2014 : MCX NATURAL GAS

Naturalgas trading range for the day is 222-243.2.

Natural gas dropped after forecasts for mild weather to edge out a heat wave over portions of the eastern half of the U.S.
Inventories rose by 70 billion cubic feet in the same week a year earlier, while the five-year average change is a build of 45 billion cubic feet.

Injections of gas into storage have surpassed the five-year average for 17 consecutive weeks, alleviating concerns over tightening supplies.

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