• 
• See all for International Business Times
• View Print Version

• Saudi Arabia Moves To Hike Oil Output Amid Iran Tension
• Gold Technical Precious Metals (2012-03-20)
• Natural Gas Forecast March 20, 2012, Technical Analysis

• GMT 0% Rate It

Analysis and Recommendations:

Natural Gas is up in today's session adding to gains on Friday to trade at 2.346 adding +0.20. With the end of winter a week away and ample supply in inventories, NG has been seeking a bottom, which should be between the 2.32 and the 2.36 level, where it was trading before investors pushed the price up a couple of week ago.

With the price at all time lows many companies are stopping or reducing production, without the need for NG over the winter, there is more than enough available. NG needs to find new sources to use the supply, as production continues to increase but demand does not keep pace. Although with its low costs and easy availability, it will eventually begin to replace coal and nuclear power. But until demand increases or winter returns, NG will dwell about here.

Economic Events: ( GMT )

WEEKLY

• Heating Oil & Propane Update  (October-March)
  Heating Oil, Propane Residential and Wholesale Price Data
  Release Schedule:  Wednesday at 1:00 p.m. EST
• Weekly Coal Production
  Release Schedule:  Thursday by 5:00 p.m. EST
• Weekly NYMEX Coal Futures
  Release Schedule:  Monday by 5:00 p.m. EST
• Natural Gas Weekly Update
  Release Schedule:  Thursday between 2:00 and 2:30 p.m. (Eastern Time)
• Weekly Natural Gas Storage Report
  Release Schedule:  Thursday at 10:30 (Eastern Time) ( schedule )

Natural Gas Pivot Points (Time Frame: 1 Day)

Related Commodities Articles

• 
  Closing Update: Late Rally Stalls With Dow, S&P 500 Posting First Weekly Losses In Five Weeks
  5/24/2013 04:10 PM
• 
  TSX Closes Up 9 Pts After Spending Most of The Day Lower
  5/24/2013 04:06 PM
• 
  Natural Gas Rally Has a Tight Schedule to Keep
  5/24/2013 03:55 PM