Short-term outlook negative for MCX-Natural Gas

Natural Gas prices are under pressure. The gas price, which was stuck in a narrow range, tumbled over 4 per cent on Monday. A weather update from the US, indicating that the early summer in some regions could be cooler, has triggered this sharp fall in the gas price. Cool weather will reduce air conditioning usage, which in turn will reduce the demand for natural gas. US natural gas prices slumpe...