Economic Events: (GMT)

WEEKLY

 

Natural

Natural Gas Fundamental Analysis Feb. 2 , 2012, Forecast

Analysis and Recommendations:

Natural Gas is continues to fall from todays open of 2.466 and is down to 2.412. Inventory reports today came in higher then expected showing a huge over supply of natural gas. Natural Gas jumped in a week from the low 2.35 to hight of 2.82 on news that Chesapeake Energy was suspending production. Followed by a long range weather forecast showing colder weather over the next two week.

NG is dropping back to find a bottom, as the days of winter turn to spring and little demand.

Natural Gas Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.1183
2.2297
2.3213
2.4327
2.5243
2.6357
2.7273

Fibonacci
2.2297
2.3072
2.3551
2.4327
2.5102
2.5581
2.6357

Camarilla
2.3572
2.3758
2.3944
2.4327
2.4316
2.4502
2.4688

Woodie's
-
2.2247
2.3115
2.4278
2.5145
2.6307
-

DeMark's
-
-
2.4785
2.4097
2.2755
-
-