ZOID RESEARCH: NATURAL GAS

U.S. natural gas futures fell for a third day on Thursday, easing 2.4 percent after an expected record-setting withdrawal from storage and forecasts for less heating demand over the next two weeks. The front-month natural gas futures contract on the New York Mercantile Exchange settled down 10.7 cents at $4.383 per million British thermal units. Inventories for natural gas moved to -195B vs -152B prev and below expectation of -199B. We expect Natural gas prices to remain in range to down for the day over lower than expected inventory withdrawal and normal weather temperature can push the prices down.

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