Natural Gas Fundamental Analysis September 18, 2012, Forecast

By FX Empire Analyst - James Hyerczyk
Font Size
Get Forex buy/sell signals directly to your email and by SMS.
To learn more click here

Natural gas futures continued to consolidate on Monday as traders once again failed to choose a direction in the market due to conflicting fundamentals.

With natural gas stocks about 9% above their 5-year average, traders were counting on a forecast of cooler weather to begin to drive up demand for gas. Additionally, the weather isn’t hot enough either to garner demand for electricity. With demand falling, traders are keeping a lid on prices because of an expected increase in supply.

If forecasters continue to leave out hot or cold extreme temperatures then look for sellers to continue to pressure natural gas prices on Tuesday. This could lead to a resumption of the long-term downtrend as long as the supply continues to grow. 

Want to read more articles like this one?

Get the latest fundamental analysis, technical analyses and the most up-to-date news catered to your interests, everyday.

* Please enter a valid email

Activation link was sent

An activation link has been sent to your E-mail.
You will start getting emails only after activating your account.

Find a Broker
Continue to FX Empire Network