Analysis and Recommendation:

Natural Gas has surpassed the 10 year low it reached earlier, now trading at 2.221 after falling to a low of 2.208. Winter is over and there is no demand for NG and not even a slim chance at this point of a later winter storm. Inventories are due later on Wednesday and are expected to be high for this time of year and NG should end up sitting here for a while.

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Economic Events: (GMT)

WEEKLY

Natural Gas Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.0587
2.1258
2.2177
2.2848
2.3767
2.4438
2.5357

Fibonacci
2.1258
2.1866
2.2241
2.2848
2.3456
2.3831
2.4438

Camarilla
2.2658
2.2803
2.2949
2.2848
2.3241
2.3386
2.3532

Woodie's
-
2.1320
2.2300
2.2910
2.3890
2.4500
-

DeMark's
-
-
2.4102
2.3016
2.2513
-
-