Natural Gas Monthly Fundamental Forecast December 2012

Natural Gas tumbled after hitting recent highs to close the month at 3.579. This month prices were inflated to trade at 3.99 and then investors turned to dump the commodity to take profits as warmer weather and finished maintenance on nuclear plants eased demand.

More and more noise is being heard on possible exports for natural gas which is helping to support the markets, but changes to natural gas for energy as still in the far off future, reports are now showing that natural gas will become a prime energy material.

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 recent analysis and information in our weekly reports and we provide daily updates and outlooks.

Natural Gas Inventory (EIA): Working gas in storage was 3,877 Bcf as of Friday, November 23, 2012, according to EIA estimates. This represents a net increase of 4 Bcf from the previous week. Stocks were 26 Bcf higher than last year at this time and 190 Bcf above the 5-year average of 3,687 Bcf. In the East Region, stocks were 5 Bcf above the 5-year average following net withdrawals of 12 Bcf. Stocks in the Producing Region were 135 Bcf above the 5-year average of 1,152 Bcf after a net injection of 12 Bcf. Stocks in the West Region were 50 Bcf above the 5-year average after a net addition of 4 Bcf. At 3,877 Bcf, total working gas is above the 5-year historical range.

Economic Highlights of the coming week that affect the Euro, GBP, CHF and the USD