Natural Gas Fundamental Analysis March 28, 2012, Forecast

By FXEmpire.com

Analysis and Recommendations:

Natural Gas continues to fall, as bargains hunters look for the bottom. There isn’t much else to report on this pair, until inventories are released later in the week. Seasonal demand is dwindling, consumption is nonexistent and supplies are falling as producers are halting production to the low price, which makes in unprofitable. Unfortunately, Natural Gas is a great energy alternative, easily available, but users have not driven up demand. Too much time has been spent on wind and solar power, while ignoring the benefits of NG.

We expect the price to settle by early April between 2.32-2.36. Today’s session saw NG drop from 2.3090 to 2.2950.

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