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Natural Gas Fundamental Analysis February 8, 2012, Forecast

Natural Gas Fundamental Analysis February 8, 2012, Forecast

Analysis and Recommendations:

Natural Gas is down at 2.485. As traders realized that the calls for cooler temperatures was not happening, focus once again returned to the high inventory, pulling prices downward.

As noted yesterday, Natural Gas shoud continue to fall looking for a bottom as the days of winter pass.

Natural Gas Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.2167
2.3268
2.4107
2.5208
2.6047
2.7148
2.7987

Fibonacci
2.3268
2.4009
2.4467
2.5208
2.5949
2.6407
2.7148

Camarilla
2.4411
2.4589
2.4767
2.5208
2.5123
2.5301
2.5478

Woodie's
-
2.3203
2.3975
2.5143
2.5915
2.7083
-

DeMark's
-
-
2.5627
2.4999
2.36