Economic Events: (GMT)

Natural

Natural Gas Fundamental Analysis March 5, 2012, Forecast

WEEKLY

 

Analysis and Recommendations:

Natural Gas stayed in a tight trading range today, closing the day just about where it began. NG is trading currently at 2.482 having opened at 2.481. NG will continue to stay range bound until investors give up and move from their positions, as the winter days move past us, investors are hoping for one last blast of cold to push the prices back up or a news story that will give one last surge before Gas creeps to a bottom and sits there for months to come.

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Natural Gas Pivot Points (Time Frame: 1 Day)

 

Name S3 S2 S1 Pivot R1 R2 R3

Classic
2.3657
2.4053
2.4357
2.4753
2.5057
2.5453
2.5757

Fibonacci
2.4053
2.4321
2.4486
2.4753
2.5021
2.5186
2.5453

Camarilla
2.4468
2.4532
2.4596
2.4753
2.4724
2.4788
2.4853

Woodie's
-
2.4030
2.4310
2.4730
2.5010
2.5430
-

DeMark's
-
-
2.4905
2.4678
2.4205
-
-