Wednesday, 3 February 2016
Best Mcx Market Trading Tips for Natural Gas
Best Trading Tips on Mcx Market
Natural Gas futures slipped by more than 6 per cent in the domestic market on Tuesday as investors and speculators exited positions in the energy commodity as forecasts for warmer than average weather in parts of the US through the middle of February dampened the demand prospects for the heating fuel in the world’s biggest gas consumer.
About 49 per cent of US households use natural gas for heating purposes.
November to March is the peak US gas heating season. At the MCX, Natural Gas futures for February 2016 contract closed at Rs 136.6 per mmBtu, down by 6.37 per cent.