Natural Gas Forecast Dec. 16, 2011, Fundamental Analysis

after the EIA report showed that natural gas stockpiles decreased by 102 billion cubic feet, compared with the prior decrease of 20 billion cubic feet, and below median estimates for an decrease by 92 billion cubic feet, which provided natural gas prices with bullish momentum.

Traders will continue to focus on weather developments, where weather forecasts suggest temperatures will be warmer than average over the coming period, and that could provide natural gas prices with bearish momentum.