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Natural
Natural Gas Fundamental Analysis February 9, 2012, Forecast

Natural Gas Fundamental Analysis February 9, 2012, Forecast

Analysis and Recommendations:

Natural Gas continues to fall trading at 2.463 down from the opening of 2.489, as winter passes so does the little possibility for any demand on gas. There is a good chance it will continue down to its bottom of last month around 2.36. Thursday will give us more news with the weekly inventory report due out at 2pm. Depending on data, this might be an easy trade, inventories up prices down, inventories down prices up. The market is expecting inventories to be up.. watch closely.

Natural Gas Pivot Points (Time Frame: 1 Day)
 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.2307
2.3038
2.3737
2.4468
2.5167
2.5898
2.6597

Fibonacci
2.3038
2.3585
2.3922
2.4468
2.5015
2.5352
2.5898

Camarilla
2.4042
2.4173
2.4304
2.4468
2.4566
2.4697
2.4828

Woodie's
-
2.3030
2.3720
2.4460
2.5150
2.5890
-

DeMark's
-
-
2.4817
2.4294
2.3388
-
-