Natural Gas Tips Provider Neal Bhai – Buy 500 – 1000 Lots and So Jaao
We See Natural Gas Target Price – 192—207
Natural Gas Trading Tips Running – MCX Natural Gas Trading Tips – Buy 100-500 Lots And Forget, Big Target – Neal Bhai Reports
Ab Tak Profit – Natural Gas 178 To 183.10
Natural Gas Long Term Ultimate Target — 354
Natural Gas on MCX settled up 1.05% at 182.6 as a winter storm threatened parts of the country, boosting the near-term outlook for heating demand. There is another winter storm coming in and there is going to be some heating demand.
Utilities likely added a much bigger than normal 113 billion cubic feet (bcf) of gas to inventories during the week ended April 26. That compares with a build of 50 bcf for the same week last year and a five-year average increase of 70 bcf for the period.
That would be about 9 percent above the same week a year ago and about 18 percent below the five-year average. The amount of gas in storage has remained below the five-year average since September 2017. Meanwhile, output in the Lower 48 rose slightly to 88.6 bcfd on Thursday from 88.4 bcfd on Wednesday, according to Refinitiv Eikon data.
That was near the all-time daily high of 90.2 bcfd posted on March 29. U.S. dry natural gas production will rise to an all-time high of 91.00 billion cubic feet per day (bcfd) in 2019 from a record high of 83.39 bcfd in 2018, according to the Energy Information Administration’s Short Term Energy Outlook (STEO).