Analysis and Recommendations (Natural Gas Forecast):
Natural Gas Fundamental Analysis, May 13, 2015 – Forecast
Natural Gas added 20 cents as summer weather across the US kicked up residential demand. Expect warm conditions to continue through the next several days. I’m not seeing one day in our 7-day where most of us will be in the 70s. Most stay in the 80s through next week. Friday, May 8 was a big volume day for natural gas with over 465,000 contracts traded. To the surprise of many, including myself, natural gas prices took off to the upside. The Energy Information Administration reported inventory levels as of May 1 on May 7. Inventories rose by 76 billion cubic feet and now stand at a total of 1.786 trillion cubic feet. Stockpiles of natural gas are at levels 71.1% above last year but still 3.6% below the five-year average for the period.
AccuWeather US Forecast Outlook:
The combination of a cool front swinging in from the Midwest and moisture from a diminishing Ana will bring an end to the summerlike weather in the Northeast early in the new week. Minor travel delays are possible in parts of the Northeast Monday and Tuesday, following several days of warm and tranquil weather.
Following a Mother’s Day weekend in which many areas will experience high temperatures in the 80s under strong sunshine, increasing moisture will lead to an uptick in showers and thunderstorms from Sunday afternoon into Tuesday. Monday will be more active than Tuesday across the mid-Atlantic. The July-like pattern will deliver AccuWeather RealFeel® Temperatures in the 90s in many cities during the afternoon hours. At first into Sunday evening, thunderstorms will be very spotty in nature. However, an increasing southerly flow of air ahead of the front will help to draw leftover moisture from Ana northward along the mid-Atlantic coast by Monday.
ForexTraq provides in-depth analysis for each currency and commodity we review in forex trading. Fundamental analysis is provided in three components. We provide a detailed monthly analysis and forecast at the beginning of each month. Then we provide more up to the data analysis and information for Natural Gas in our weekly reports.
Natural Gas Weekly Update
Release Schedule: Thursday between 2:00 and 2:30 p.m. (Eastern Time)
Weekly Natural Gas Storage Report
Release Schedule: Thursday at 10:30 (Eastern Time) (schedule)
REGISTER WITH OUR FORUM AND POST AT LEAST ONE MESSAGE TO GET FREE SIGNALS