Despite cold weather, Natural Gas closed low 25 Jan, 2016

Natural Gas futures closed low in the local market on Friday last week even as a massive blizzard rocked the US East Coast, bringing life to almost a standstill and raising hopes of a pickup in requirement for the heating fuel in the

About 49 per-cent of US(United States) households use natural gas for heating purposes. November to March is the peak US gas heating season.

Despite a newely drop in stockpiles, total US gas storage levels remain 17 per-cent above the five-year average for present time of year, indicating that the market is more than adequately supplied, weighing on prices.

MCX : Natural Gas futures for Jan 2016 contract ended at Rs 145.4 per mmBtu, down by 0.14 per cent, after opening at Rs 146, against the previous ending price of Rs 145.6. It attained an intra-day low of 143.10.

world’s largest economy. Cold temperatures tend to boost requirement for gas-fired heating at offices and homes.

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MCX Trading Tips, MCX Bullion Tips, NCDEX Agri Commodity Report

MCX Commodity Market Updates Today:-

Today all the sectors in MCX Commodity Market are trading at higher prices. MCX GOLD is trading near at Rs. 27,000 and MCX SILVER is trading above Rs. 54,000. All Base Metals are trading at higher prices today. MCX Copper is trading at Rs. 365. We assume that today all products in MCX are trading at higher prices and flat for the day.

• NYMEX crude trades weaker Wednesday after 0.5% gain yesterday.
• NYMEX gas trades little changed after 2.1% gain yesterday.

NCDEX Agri Commodity Market Updates Today:- 

Pepper futures to trade higher for the day. Outlook for Soybean is seen sideways to up for the day. CPO is expected to trade sideways to higher for the day. Guar Complex is expected to trade lower for the day. Outlook for Chana is up for the day. Outlook for Jeera is sideways to down for the day.

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