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Natural Gas Fundamental Analysis Feb. 2 , 2012, Forecast
Analysis and Recommendations:
Natural Gas is continues to fall from todays open of 2.466 and is down to 2.412. Inventory reports today came in higher then expected showing a huge over supply of natural gas. Natural Gas jumped in a week from the low 2.35 to hight of 2.82 on news that Chesapeake Energy was suspending production. Followed by a long range weather forecast showing colder weather over the next two week.
NG is dropping back to find a bottom, as the days of winter turn to spring and little demand.
Originally posted here
