Tuesday 26 August 2014

CAPITAL STROKE UPDATE 26 August 2014 : MCX NATURAL GAS




Naturalgas trading range for the day is 233.7-246.9.
Natural gas gained as market players continued to monitor near-term summer weather forecasts to gauge the strength of demand for the cooling fuel.

Updated weather forecasting models showed that above-normal temperatures in U.S. East will give way to seasonal readings across most of the country.

Injections of gas into storage have surpassed the five-year average for 18 consecutive weeks, alleviating concerns over tightening supplies.


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