By FX Empire.com
Natural Gas Fundamental Analysis March 7, 2012, Forecast
Analysis and Recommendations:
Natural Gas is trading at 2.349, opening at 2.352, market talk pushed NG up a bit in mid day trading and buyers were trying to pick up a bargain, with prices plunging so quickly. Natural gas prices lost 5.2% on Monday to settle at USD2.348. But prices regained modest strength as traders covered short positions only to fall again later in the day. With 16 days left of winter, warmer than average weather and over stocks in inventory, Gas will continue to fall to the earlier low of 2.32 and sit tight.
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
