Analysis and Recommendations:

Natural Gas is trading at 2.349, opening at 2.352, market talk pushed NG up a bit in mid day trading and buyers were trying to pick up a bargain, with prices plunging so quickly. Natural gas prices lost 5.2% on Monday to settle at USD2.348. But prices regained modest strength as traders covered short positions only to fall again later in the day. With 16 days left of winter, warmer than average weather and over stocks in inventory, Gas will continue to fall to the earlier low of 2.32 and sit tight.

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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
2.2347
2.2818
2.3157
2.3628
2.3967
2.4438
2.4777

Fibonacci
2.2818
2.3128
2.3319
2.3628
2.3938
2.4129
2.4438

Camarilla
2.3272
2.3346
2.3421
2.3628
2.3569
2.3643
2.3718

Woodie's
-
2.2785
2.3090
2.3595
2.3900
2.4405
-

DeMark's
-
-
2.3798
2.3544
2.2988
-
-