By FX Empire.com
Natural Gas Fundamental Analysis March 13, 2012, Forecast
Analysis and Recommendations:
Natural Gas dropped to a 10 year low in todays session, edging back up to trade at 2.264 after falling to 2.236. As winter draws to a close NG is going to find a place to hibernate for the season. Once inventories are released later this week, Natural Gas will find a holding point and stay within a tight channel. If inventories are as high as expected we will see NG stay in this range, if inventories are slightly better we will see the new bottom at 2.32.
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
