Analysis and Recommendations:

Natural Gas dropped to a 10 year low in todays session, edging back up to  trade at 2.264 after falling to 2.236. As winter draws to a close NG is going to find a place to hibernate for the season. Once inventories are released later this week, Natural Gas will find a holding point and stay within a tight channel. If inventories are as high as expected we will see NG stay in this range, if inventories are slightly better we will see the new bottom at 2.32.width=645

Economic Events: (GMT)

WEEKLY

Natural Gas Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.1337
2.1743
2.2187
2.2593
2.3037
2.3443
2.3887

Fibonacci
2.1743
2.2068
2.2269
2.2593
2.2918
2.3119
2.3443

Camarilla
2.2396
2.2474
2.2552
2.2593
2.2708
2.2786
2.2864

Woodie's
-
2.1753
2.2205
2.2603
2.3055
2.3453
-

DeMark's
-
-
2.2815
2.2483
2.1965
-
-