Natural Gas Futures Ended on a Bearish

mcx commodity tips

Natural Gas futures ended on a bearish note in the domestic and overseas market on Tuesday as investors and speculators exited positions in the energy commodity as traders eyed the close of the winter season in the US, the world’s largest fuel consumer, which will curb heating desired. The MDA Weather Services predicted moderate temperatures following a frosty closed for the month of February. At the MCX, Natural Gas futures for February 2015 contract ended at Rs 169.20/1 kg, downward by 5.7% after opening at Rs 178.1, against the last ending price of Rs 179.4. It touched the intraday max of Rs 168.4 till the ending.