Natural Gas Fundamental Analysis – August 5, 2015 – Forecast

Analysis and Recommendations:

Natural Gas  climbed 46 points but remains near the bottom of its average trading range as supply far outpaces demand. NG is trading at 2.763. Futures: U.S. futures have averaged $2.77 per thousand cubic feet through the first half of the year, 40 percent lower than last year.

Residential prices: Averaged 9 percent lower through the first half of the year. For the full year, natural gas is expected to average $10.27 per thousand cubic feet, the lowest since 2003, according to the Energy Department.

U.S. production is strong. Relatively mild weather has tempered demand for heating and electric power plants. Around the world, natural gas prices have also fallen because they are often linked to the price of crude and production of liquefied natural gas that can be shipped overseas is ramping up.

AccuWeather US Forecast Outlook:

Natural Gas Weather.com forecast a hot dome of high pressure will dominate much of the country into early next week with widespread 90s to 100s, including all of Texas. The exception will be over the far northern US, notably the upper Great Lakes and interior NE. It will be most uncomfortable from eastern Texas and the South where high humidities will result in uncomfortable conditions and strong demand for cooling as the Heat Index exceeds 104F. The West will also remain quite hot with 90s to 100s right up to major coastal cities until cooling arrives early next week. Overall, national cooling demand will be HIGH

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.

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)