Natural Gas Remained Under Pressure On Profit Booking - Dollar Advisory | Best Commodity Tips Provider

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Thursday 21 September 2017

Natural Gas Remained Under Pressure On Profit Booking

Natural gas trading range for the day is 197.4-204.2.

Natural gas remained under pressure on profit booking after prices seen supported on expectations of more demand than previously forecast through the end of September.

Natural gas use over the next two weeks was up 67.7 bcfd seen last week when Hurricane Irma knocked out power to millions in the U.S. Southeast and brought cooler, wetter weather.

Market participants also looked ahead to weekly storage data due on Thursday, which is expected to show a build of 93 billion cubic feet.

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