Monday 6 October 2014

CAPITAL STROKE UPDATE 7 October 2014 : MCX NATURAL GAS



Natural gas trading range for the day is 235.8-250.8
.
Natural gas dropped as market players positioned themselves for a bearish weekly storage report later in the week.

The U.S. EIA said that natural gas storage in the U.S. rose by 112 billion cubic feet, above expectations for an increase of 107 billion.

Injections of gas into storage have surpassed the five-year average for 24 consecutive weeks, alleviating concerns over tightening supplies.


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