Natural Gas Fundamental Analysis March 22, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas is trading at 2.356 staying within the range forecast for the rest of the season, between the 2.32-2.36 range. Thursday Natural Gas inventory released by the Energy Information Agency will tell the story. If inventories are low the price will move to the top of the range, if inventories are high or at forecast, we can expect NG to trade at the bottom of the range. Winter officially ended earlier this week so there should be very little seasonal demand for NG.

The weekly report is due out on Thursday.

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