Natural Gas Fundamental Analysis April 3, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas continued to hover around 10-year lows, with up 1 1/2 cents, to $2.1480 per million British thermal units. NG is just looking for a bottom, while investors are bottom fishing trying to buy at the very lowest point. There is no call for cold weather, no call for a very hot summer and little in the way of new demand. Inventories remain high and demand low, as we are in the early spring season. We can expect gas to bounce up and down a bit, but we will have to wait for inventory reports towards the end of the week.

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