Sunday 28 September 2014

CAPITAL STROKE COMMODITY UPDATE 29-SEP-2014 : MCX NATURAL GAS


Naturalgas trading range for the day is 242.5-251.7.

Natural gas gained after updated weather-forecasting models continued to call for cooler temperatures to trek across the U.S. in October.

The next two weeks will likely see builds in the triple digits as mild temps for this and the following week ease both heating and cooling.

The figure represents the 23rd straight week of above-average injections, and with 2.988 tcf of natural gas in storage.

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