Natural Gas Fundamental Analysis March 7, 2012, Forecast

Analysis and Recommendations:

Natural Gas is trading at 2.349, opening at 2.352, market talk pushed NG up a bit in mid day trading and buyers were trying to pick up a bargain, with prices plunging so quickly. Natural gas prices lost 5.2% on Monday to settle at USD2.348. But prices regained modest strength as traders covered short positions only to fall again later in the day. With 16 days left of winter, warmer than average weather and over stocks in inventory, Gas will continue to fall to the earlier low of 2.32 and sit tight.

Economic Events: (GMT)


Leave a Reply

Your email address will not be published. Required fields are marked *