By FXEmpire.com
Natural Gas Fundamental Analysis April 16, 2012, Forecast
Analysis and Recommendations:
Natural Gas continues to hug the 2.00 level trading at 1.986 as investors try to find the bottom. NG moved up a few pip’s in today’s session. Until NG finds a new demand is develop exports the supply outweighs the demand, without seasonality factored in.
Although environmentalists and NG hawkers keep telling us that natural gas is the most energy efficient supply, and best for the environment and that one day it will replace oil, it still has to move up its uses beyond that of coal which still does not seem likely.
If the government could only endorse tax breaks and credits for energy users to switch to NG, perhaps we could do something good for the environment, good for the country and move to more readily available and cheaper energy source.
Economic Events: (GMT)
WEEKLY
-
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
