Gold Silver Reports (GSR) – MCX Natural Gas settled flat on projections for only minor changes to previous forecasts for demand to rise over the next two weeks as the weather heats up for the summer.
MCX Natural Gas support key @ ₹155 and below same could see a test of ₹151 levels, and resistance Key is ₹168, a move above could see prices testing ₹174.
Pressure seen as near-record production and moderate weather this spring have allowed utilities to inject huge amounts of gas into stockpiles, shrinking a massive storage deficit and removing any lingering concerns of shortages next winter.
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The amount of gas in storage has remained below the five-year average since September 2017, but forecast inventories will reach a near-normal 3.7 trillion cubic feet (tcf) by the end of the summer injection season at the end of October.
Output in the Lower 48 U.S. states rose to a nine-week high of 90.31 billion cubic feet per day (bcfd), up from a four-week low of 88.35 bcfd last week, according to data provider Refinitiv.
रुपये की शुरुआत आज कमजोरी के साथ हुई है। डॉलर के मुकाबले रुपया आज 6 पैसे की कमजोरी के साथ 69.40 के स्तर पर खुला है। वहीं, पिछले कारोबारी दिन यानी कल डॉलर के मुकाबले रुपया 1 पैसे की मामूली बढ़त के साथ 69.34 पर बंद हुआ था।