Natural

Natural Gas Fundamental Analysis February 13, 2012, Forecast

Economic Events: (GMT)

WEEKLY

 

Analysis and Recommendations:

Natural Gas is closing out the week at 2.461 down slightly. NG pushed up earlier today on stories of potential cold in the Northwest. But this did not hold up. Days of winter are passing by quickly. After hitting a high of 2.52 NG continued to fall. The price was pushed down by last minute profit taking and held at 2.46 level by buyers looking at a cheap deal.

NG will most likely bounce around in the low 2.40 range before breaking under the 2.40 level while it seeks a bottom as spring rolls in.

Natural Gas Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.3243
2.3807
2.4283
2.4847
2.5323
2.5887
2.6363

Fibonacci
2.3807
2.4204
2.4449
2.4847
2.5244
2.5489
2.5887

Camarilla
2.4474
2.4569
2.4665
2.4847
2.4855
2.4951
2.5046

Woodie's
-
2.3785
2.4240
2.4825
2.5280
2.5865
-

DeMark's
-
-
2.5605
2.4987
2.4565
-
-