Natural Gas Fundamental Analysis for April 21, 2011

Natural gas prices continued to rise on Wednesday, where rising demand from upper Midwest and Northwest due to cold weather conditions in addition to rising power demand in the South, pushed natural gas prices higher, as traders expect demand for heating and power plant fuel to rise.

Thursday, 14:30, The EIA will release the weekly natural gas storage change for the week ending April 15, where the prior report showed that natural gas inventories increased by 28 billion cubic feet, and Thursday’s report is expected to show that natural gas inventories increased by 52 billion cubic feet.

(Source: http://www.commoditiesmansion.com/fundamental-analysis/natural-gas-fundamental-analysis-for-april-21-2011/)