Natural gas trading range for the day is 175.4-185.8

Natural gas on MCX settled down -0.94% at 180.1 as demand forecasts stayed mostly steady from the prior day. The U.S. Energy Information Administration (EIA) said utilities added 84 billion cubic feet (bcf) of gas to storage during the week ended Sept. 13. The amount of gas in inventory has remained below the five-year average since September 2017. It fell as much as 33% below that average in March 2019.

Trading Ideas:

* Natural gas trading range for the day is 175.4-185.8.

* Natural gas fell as demand forecasts stayed mostly steady from the prior day.

* The U.S. Energy Information Administration (EIA) said utilities added 84 billion cubic feet (bcf) of gas to storage during the week ended Sept. 13.

* The amount of gas in inventory has remained below the five-year average since September 2017.

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