Monday 17 March 2014

CAPITAL STROKE COMMODITY UPDATE 18 MARCH 2014 : MCX NATURAL GAS

Natural gas trading range for the day is 269.6-285.

Natural gas gained after updated weather forecasting models called for a cold snap to sweep across U.S. in the coming days and hike demand for heating in its wake.

Gains were limited, however, as seasonably mild temperatures were expected to settle in the eastern U.S. in the coming days to mark spring's arrival.

Updated weather-forecasting models called for above-normal temperatures across many areas in U.S. in next three to five days.

Europe receives 16 percent of its natural gas from Russia through Ukraine, the Energy Department's stat shop reported.



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