Natural Gas Trading Range For The Day Is 169.2-188.2

Natural Gas on MCX settled down -4.37% at 177.1 on forecasts for milder winter weather over the next two weeks, even as U.S. Northeast spot prices soared to record highs after a major winter storm and prolonged freeze blasted the East Coast and knocked out power to thousands. Gas demand in the lower 48 U.S. states hit a record high of 141.7 billion cubic feet per day (bcfd), and has remained near that level all week, according to data. However, projected gas consumption will drop to an average of 118.5 bcfd as the weather moderates.

Trading Ideas:

* Natural Gas trading range for the day is 169.2-188.2.

* Natural Gas fell on forecasts for milder winter weather over the next two weeks.

* Even though the amount of gas in storage is less than usual for this time of year, supply was more than enough to meet heating demand.

* Gas demand in the lower 48 U.S. states hit a record high of 141.7 billion cubic feet per day (bcfd), and has remained near that level all week.

Get Daily Trading Tips And Recommendation Click Here >> https://goo.gl/nBwumR Or Give A Missed Call @ 9713040450 And More Tips So Like This >> https://www.facebook.com/capitalliferesearch.