Economic Events: (GMT)
Natural Gas Fundamental Analysis March 2, 2012, Forecast
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 continues to fall. With excess inventory and winter almost over NG is looking for a place to sit for the next few months. Gas is trading at 2.478 falling from 2.587. Just a few weeks ago gas was hitting a low at 2.32, and is probably where it is headed to now.
The weather this weekend calls for light snow, but no cold fronts moving in and mostly rainy for the next week or two.
March 2012
1st-3rd. Light snow/flurries. Steadier, heavier snows along New England coast.
4th-7th. Stormy, with significant snow accumulations possible Mid-Atlantic region, then clearing.
8th-11th. Fair.
12th-15th. Light rain, especially Pennsylvania, New York, then fair.
16th-19th. Showers, heavy thunderstorms. Break out green umbrellas for St. Patrick’s Day Parade in N.Y.C.
Originally posted here
