By FXEmpire.com

Analysis and Recommendations:

Natural Gas had a very active session adding on few cents as speculators pushed NG upwards and then dumped it. In mid afternoon, speculators begin selling off NG after it reached as high as 2.53, gas fell to close out the week at 2.477. Which is a surprising number, when we saw NG trading at 10 year lows, under 2.00 just a few days ago and for the last two months; it looked like NG would trade at 2.23-2.36.

Speculators are still reacting to the EIA report which said power companies were moving some of the needs from coal to natural gas, hopefully creating a new demand for the cheapest energy source available in the US and available in abundance.

Before Chesapeake Energy wound up in internal financial trouble and drama, they were on track to develop shipping and export capabilities for US natural gas.

FxEmpire provides in-depth analysis for each currency and commodity we review. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information in our weekly reports, which cover the current week and are published by Sunday before the new week begins. Daily as the markets close we share any new events, forecasts or analysis that affect the current day. To achieve a full accurate understanding it is important that you study all of our data and analysis as a whole. Please click on the links to find the most recent reports for this asset.

WEEKLY

  • 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