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WEEKLY

 

Analysis and Recommendations:

Natural

Natural Gas Fundamental Analysis February 24, 2012, Forecast

Natural Gas has dropped slightly trading at 2.757 off by 0.018.   NG turned lower after the weekly report on supplies in storage. The EIA reported a withdrawal of 166 billion cubic feet from the nation's supplies of natural gas in the week ended Feb. 17. Analysts polled by Platt's had expected the EIA to show a decline between 160 and 164 bcf in the week.

Natural Gas Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.5727
2.6343
2.6907
2.7523
2.8087
2.8703
2.9267

Fibonacci
2.6343
2.6794
2.7073
2.7523
2.7974
2.8253
2.8703

Camarilla
2.7146
2.7254
2.7362
2.7523
2.7578
2.7686
2.7795

Woodie's
-
2.6330
2.6880
2.7510
2.8060
2.8690
-

DeMark's
-
-
2.7805
2.7382
2.6625