By FXEmpire.com
Analysis and Recommendations:
Natural Gas is trading at 2.788 as speculators look forward to Thursday’s inventory. Temperatures have declined but they are hoping that the bout of higher than normal heat has used some of the excess inventory.
Natural gas prices are expected to continue the bearish trend on concern of lower demand due to fall in temperature in US consuming region. On the other side, as per National Hurricane centre, there are 60 percent chances of tropical storm formation near eastern pacific region which may create supply concern to add positive direction in on gas prices. Consumption of power sector has also increased by 1.5 percent, which may support gas prices to remain on higher side. As per US weather forecast, temperature is expected to remain high in eastern region, which may create demand for gas consumption. However, called off of Norway Energy industry strike may limit the gain in this commodity.
FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports.
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) 
Click here for updated Natural Gas News.
Originally posted here
