Natural Gas Fundamental Analysis April 18, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas fell under the 2.00 level again today, after moving up in the past few days of trading. It is trading at 1.963 at this writing.

With Natural Gas in the press a lot lately, with increased consumption in Japan and Cheasapeake Energy, investing a billion dollars to find ways to increase usage and transportation for gas, there seemed to be more interest.

U.S. gas futures lost nearly 5% last week, the fourth consecutive weekly drop. Prices are the lowest for this time of year since 1997. But prices regained strength in the two sessions leading up to Tuesday, as traders closed out bets on lower prices after futures moved into oversold territory.

Economic Events: (GMT)

WEEKLY

• Heating Oil & Propane Update (October-March)
  Heating Oil, Propane Residential and Wholesale Price Data
  Release Schedule: Wednesday at 1:00 p.m. EST
• Weekly Coal Production
  Release Schedule: Thursday by 5:00 p.m. EST
• Weekly NYMEX Coal Futures
  Release Schedule: Monday by 5:00 p.m. EST
• Natural Gas Weekly Update
  Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
• Weekly Natural Gas Storage Report
  Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)

Originally posted here