Thursday 13 March 2014

CAPITAL STROKE COMMODITY UPDATE 14 MARCH 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 262.4-279.2.

Natural gas dropped after data showed that U.S. natural gas supplies fell broadly in line with market expectations last week.

The U.S. EIA said in its weekly report that natural gas storage in the U.S. fell by 195 billion cubic feet

Supplies fell by 145 billion cubic feet in the same week a year earlier, while the five-year average is a decline of 95 billion.


Updated weather-forecasting models called for above-normal temperatures across many densely populated areas in the U.S. in

the next three to five days.



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