Natural Gas Forecast Nov. 21, 2011, Fundamental Analysis

Forex Desk, FXEmpire | fxempire.com Premium Rss | November 18, 2011 12:32 pm

Natural gas prices fell on Friday on forecasts of above-than-average weather conditions in the Northeast and Midwest of the United States, which led to speculations of falling demand for natural gas as a heating fuel, and accordingly, natural gas prices were under negative pressure.

Traders are likely to continue their attention on weather developments, where weather forecasts suggest temperatures will be above than average from November 23 through December 2, and that should continue to put more negative pressure on natural gas prices.

Originally posted here