Natural Gas Fundamental Analysis February 7, 2012, Forecast

By FX Empire.com

Economic Events: (GMT)

WEEKLY

• This Week in Petroleum
  Release Schedule: Wednesday @ 1:00 p.m. EST (schedule)
• Gasoline and Diesel Fuel Update
  Release Schedule: Monday between 4:00 and 5:00 p.m. EST (schedule)
• Weekly Petroleum Status Report
  Release Schedule: The wpsrsummary.pdf, overview.pdf, and Tables 1-14 in CSV and XLS formats, are released to the Web site after 10:30 a.m. (Eastern Time) on Wednesday. All other PDF and HTML files are released to the Web site after 1:00 p.m. (Eastern Time) on Wednesday. Appendix D is produced during the winter heating season, which extends from October through March of each year. For some weeks which include holidays, releases are delayed by one day. (schedule)
• 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
• Coal News & Markets
  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)

Analysis and Recommendations:

Natural Gas is trading up at 2.513 gaining throughtout the day

News of a possible cold front moving in to the Northeast pushed up NG slightly today along with the increasing dollar. There have been no other fundamental indicators to account for the current price movement. NG opened the day trading at 2.502. Gas is trading at a relatively low cost, investors might be looking at NG picking up some value, but not soon, as winter days slowly pass. There is a good possibility of one major cold front moving in before the end of winter statistically, which will drive the prices upward.

Economic Data results prior trading day ( key better than expected worse than expected at forecast )

AUD MI Inflation Gauge (MoM) 0.2% 0.5%

AUD Retail Sales (MoM) -0.1% 0.2% 0.1%

AUD ANZ Job Advertisements (MoM) 6.00% -0.60%

IDR Indonesian GDP (YoY) 6.5% 6.5% 6.5%

TWD Taiwanese CPI (YoY) 2.4% 1.6% 2.0%

EUR Sentix Investor Confidence -11.1 -14.6 -21.1

EUR German Factory Orders (MoM) 1.7% 0.5% -4.9%

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