Natural Gas Weekly Forecast December 19-23, 2011, Fundamental Analysis

Natural Gas Weekly Forecast December 19-23, 2011, Fundamental Analysis
Natural Gas Weekly Forecast December 19-23, 2011, Fundamental Analysis
, as warmer than expected weather conditions boosted speculations of falling demand for natural gas as a heating fuel. While the EIA report showed natural gas inventories decreased by 102 billion cubic feet, below estimates of a decrease by 92 billion cubic feet.

Traders will be focused on the weather forecasts, as warm weather conditions are expected to weigh down on demand for natural gas, and that could push prices lower since demand for the heating fuel would decrease accordingly.

Highlights for this week that will probably affect the Natural Gas direction are:

Thursday December 22:

At 15:30 GMT, The EIA will release the weekly natural gas storage change for the week ending December 16, where the prior report showed that natural gas inventories decreased by 102 billion cubic feet.

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