Indian Stock Market Tips: Natural Gas Trading Range For The Day is 188-203.2

Natural Gas on MCX settled down -3.14% at 194.2 on forecasts for less heating demand over the next two weeks and record output. In two weeks, demand was expected to edge up to 81.0 bcfd as the weather turns seasonally colder. Production in the lower 48 U.S. states reached a record 75.8 bcfd, easily topping the prior high of 75.0 bcfd set in September 2015, according to data. U.S. gas exports, meanwhile, were expected to average 8.7 bcfd this week, up 71 percent from a year earlier, due primarily to much higher shipments of liquefied natural gas, according to data.

Trading Ideas:

* Natural Gas trading range for the day is 188-203.2.

* Natural Gas prices fell on forecasts for less heating demand over the next two weeks and record output.

* In two weeks, demand was expected to edge up to 81.0 bcfd as the weather turns seasonally colder.

* Production in the lower 48 U.S. states reached a record 75.8 bcfd, easily topping the prior high of 75.0 bcfd set in September 2015, according to data.

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