Natural Gas Fundamental Analysis February 29, 2012, Forecast

Economic Events: (GMT)

WEEKLY

 

Analysis and Recommendations:

Natural Gas continues to sink dropping to 2.53 after opening at 2.608. There has been no real reason for NG to soar up from the bottom, when it was sitting around 2.36. News that Chesapeake Energy was suspending production until it was more economically sound to produce started the market upswing. Weather has not been a factor and winter days are marching past. Gas should continue to fall until it finds a firm bottom. And will most likely sit there for some time…

 

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