Natural Gas Fundamental Analysis February 8, 2012, Forecast

Posted February 07, 2012 20:20 (GMT) | By FX Empire Analyst - Barry Norman | Print | Font Size | Add a comment

Category:

Fundamental Reports

Economic Events: (GMT)

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 is down at 2.485. As traders realized that the calls for cooler temperatures was not happening, focus once again returned to the high inventory, pulling prices downward.

As noted yesterday, Natural Gas shoud continue to fall looking for a bottom as the days of winter pass.

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About: FX Empire Analyst - Barry Norman

Barry produces a private Daily Market Review newsletter that is distributed around the globe to over 25,000 subscribers and recently published a book on Options Trading that is available from amazon.com

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