Natural Gas Fundamental Analysis October 8, 2014 Forecast

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Updated: Aug 24, 2015, 23:00 UTC

Analysis and Recommendations: Natural Gas continued to ease as cold temperatures never materialized across the US. Gas tumbled 7 points to trade at 3.891

Natural Gas Fundamental Analysis October 8, 2014 Forecast

Analysis and Recommendations:

Natural Gas continued to ease as cold temperatures never materialized across the US. Gas tumbled 7 points to trade at 3.891 after breaking above the $4 range late last week. Record production from the unconventional drilling boom keeps capping the market at around $4/mmBtu, where trading closed on Friday. Some traders have briefly pushed gas beyond that point several times since August, in anticipation of peak winter demand season when extreme weather can lead to price spikes. Without any sign of cold weather, strong production has kept them from sustaining those prices.

Several forecasts are showing more temperate conditions than they did last week, suggesting lower than expected demand on the way both for gas heating and for gas-fired power to run air conditioners, analysts said.

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)

Today’s economic releases actual vs. forecast:

Cur.	Event	Actual	Forecast	Previous
NZD	NZIER Business Confidence (Q3)	19%		32%
AUD	Interest Rate Decision (Oct)	2.50%	2.50%	2.50%
AUD	RBA Rate Statement
EUR	German Industrial Production	-4.0%	-1.5%	1.6%
JPY	BoJ Press Conference
GBP	Industrial Production (MoM)	0.0%	0.2%	0.4%
GBP	Manufacturing Production	0.1%	0.1%	0.3%
CAD	Building Permits (MoM) (Aug)		-13.0%	11.8%
USD	JOLTs Job Openings (Aug)		4.71M	4.67M

Upcoming Economic Events that you should be monitoring:

Cur.	Event	Actual	Forecast	Previous
JPY	Adjusted Current Acct.		0.19T	0.10T
JPY	Current Account n.s.a.		0.198T	0.417T
CNY	HSBC Services PMI (Sep)		53.8	54.1
JPY	BoJ Monthly Report
CAD	Housing Starts (Sep)		196.0K	192.4K
USD	FOMC Meeting Minutes