Today Natural Gas extends losing streak as on 9 July, 2015

Natural Gas futures tumbled by more than 0.80 per cent in the domestic market on Wednesday as investors and speculators exited positions in the energy commodity amid speculation that moderate weather across parts of the US in the near-term may curb demand for the fuel which is used to fire up power plants as the need for cooling offices and homes arises.
new weather forecasting models predicted maximum average temperatures across most parts of the US in the next two weeks.

Traders were cautious ahead of the weekly US storage data due on Thursday which may show an 85 billion cubic feet rise in natural gas supplies in the week ended June 3, against a five-year average gain of 75 billion cubic feet and a 94 billion cubic feet advance in the same period a year ago.

At the MCX, Natural Gas futures for July 2015 contract closed at Rs 171.80 per 1 kg, down by 0.81 per cent after opening at Rs 172.60, against the previous closing price of Rs 173.20. It touched the intra-day low of Rs 171.20 till the closing.