Natural Gas Fundamental Analysis February 17, 2012, Forecast

Economic Events: (GMT)

WEEKLY

 

Analysis and Recommendations:

Natural Gas is at 2.568 up .143

Inventory data released today showed a drop in supply for the week of  10-Feb- EIA Natural Gas Storage -127 bcf to 2761 bcf. The price surge, is most likely temporary, inventories are still high with the winter season coming to a close. Price will probably fall in the next few days back to the 2.44 level and over the next month down to the 2.36 support.

 

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