By FXEmpire.com
Natural Gas Fundamental Analysis April 5, 2012, Forecast
Analysis and Recommendations:
REMEMBER, MOST GLOBAL MARKETS ARE CLOSED ON FRIDAY APRIL 6, 2012 AND MANY ARE CLOSED ON MONDAY APRIL 9, 2012 ALSO. VOLUME WILL BE LIGHT AND TRADERS WILL BE POSITIONING THEMSELVES FOR THE LONG HOLIDAY WEEKEND. ECONOMIC REPORTS WILL CONTINUE TO BE RELEASED ON FRIDAY, IN THE US THE NON FARMS PAYROLL REPORTS WILL BE ISSUED ON FRIDAY
Natural Gas is trading at 2.1840 as speculators begin to take positions before inventory data is released tomorrow.
The dollar broadly appreciated against major counterparts Wednesday, pressuring commodities whose prices are benchmarked in the currency.
Crude Oil inventories showed drastic increase in inventory pushing crude to trade under 102.00.
Investors will be watching for the most up to date usage and supply information released by the EIA at 2pm on Thursday.
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
