Saturday, 2 April 2011
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Natural Gas Weekly Outlook for April 04, 2011-April 08, 2011
Natural gas prices took a downside trend last week after the EIA report for natural gas inventories showed inventories rose unexpectedly, which put downside pressure on natural gas prices, while expectations for next week suggest that natural gas prices will continue to fall amid speculations of rising supply.
Highlights for this week that will probably affect the Natural Gas direction are:
Thursday, 14:30. The EIA will release the weekly natural gas storage change for the week ending April 1, where the prior report showed that natural gas inventories inclined by 12 billion cubic feet.
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