NatGas weekly charts

DAILY CHART. here is the picture.
RED CHANEL - price broke it at 1 up and at 2 down
WHITE TRIANGLE - price broke down and then broke 50 % fibo at 4.25 $ area . next broke was 61.8 at 3.8 $ area. next to break is 3.4 $ area at 70.7 % fibo .

WEEKLY CHART. see WHITE CHANEL. price may go to 3$ area to touch again white chanel. but let's see if hurricane let the price go down more .

2010 Named storms.
Alex
Bonnie
Colin
Danielle
Earl
Fiona
Gaston
Hermine
Igor
Julia
Karl
Lisa
Matthew
Nicole
Otto
Paula
Richard
Shary
Tomas
Virginie
Walter

see DAILY CHART. is very important if price break BLUE DAILY TREND LINE.

Gas is way to depressed it could be nice buying opportunitty coming for long hold. What you think?

Also cot data is looking to make a turn.

Couple weeks ago when gas gone so low i have lost some money,really i was surprised by falling so much.well influence not just news but i think that lots of people wasnt using so much gas -wel i thinki have checked last years gas natural charts and last summer was low too compare autumn or winter.from yesterday is 30/08/2010 gas started going higher.today hihger then las week.so i think in couple weeks gas can reach up to 4 if any other news of course Good luck for everybody trading!

i think price will stay here till thursday when will have storage data release .

anyway good luck. price will stay here a while . only hurricane can push it up or, the storage data thursday.

i wrote one month ago about price fall. if you read it you could save your money......

this is the post you should read : http://www.forexfactory.com/showpost...&postcount=309

we have to watch 2 charts : H4 and DAILY with the same GREEN T.L. It is important to see when break this T.L. and go up .

Thank you for your answer.I have just signed in this forum so i didnt know that you wrote about the falling so anyway i m optimistic and looking forwardthanx again

ok, please be patient with natgas and trade only on daily and weekly chart if you dont want to loose again money. i have a couple of friends which are traders but i am the only which trade nat gas.

i will not make any move till tomorrow after storage data release.....

Geocatalinfx

I am looking to trade ng
Found your thread very helpful
Where do you find ng storage figures as they come out.
Thanks in advance
2d

DJ US NATURAL GAS INVENTORY SURVEY: 53 Bcf Build Seen
Sep 01, 2010
By Mark Peters
Of DOW JONES NEWSWIRES

Analysts and traders expect government data scheduled for release Thursday to show a smaller-than-average build in gas inventories as lingering summer temperatures in areas of the U.S. spurred demand for natural gas-fired power plants to meet air conditioning needs.

The U.S. Energy Information Administration is expected to report that 53 billion cubic feet of gas were added to storage during the week ended Aug. 27, according to the average prediction of 14 analysts and traders in a Dow Jones Newswires survey.

The EIA is scheduled to release its storage data Thursday at 10:30 a.m. EDT.

The survey's median result was also 53 billion cubic feet, with a high estimate of a 60-bcf build and a low of a 44-bcf injection. The storage estimate falls short of last year's 64-bcf build in storage for the same week and the 62-bcf five-year average build for that week.

If the storage estimate is correct, inventories as of Aug. 27 will total 3.105 trillion cubic feet, about 5.7% above the five-year average and 6.3% below last year's level for the same week.

Hotter-than-normal temperatures have driven injections to come in below average throughout the summer. That continued last week in the West and parts of the Southeast including Texas, while the Northeast saw cool temperatures, wrote Martin King, an analyst with FirstEnergy Capital in Calgary, in a note to clients this week.

"Demand growth remains lackluster once weather effects are taken out and jitters are still very much in evidence over the direction of the U.S. economy," he wrote.

The EIA's weekly storage page is http://tonto.eia.doe.gov/oog/info/ngs/ngs.html.

-By Mark Peters, Dow Jones Newswires; 212-416-2457; [email protected]

could be a little bullish,but i dont trade news on natgas. but, the movement after news will be important only if the difference between forecast and release will be a big one,because we are here between an important support and also an important resistance. also monday i said price will be here till today and we had 3 days around 3.7-3.8

SO NUMBER WAS LITTLE BIT BULLISH,but see the game between support and resistance .........

i made one trade 0.05 lots , buy at 3.720 today after news....

Earl Continues to Slowly Weaken Moving Slightly East Of Due North
Sep 2, 2010 11:04 PM
Earl has continued its slow weakening that started Thursday afternoon and is now a Category 2 hurricane as it continues to move north northeast just offshore of the North Carolina's Outer Banks. As of 11:00 p.m. EDT Thursday, Hurricane Earl was located at 33.8 north, 74.4 west, or 115 miles south-southeast of Cape Hatteras, N.C. Earl has maximum sustained winds of 105 mph and is tracking slightly east of due north at 18 mph. Its minimum central pressure is now around 951 millibars, or 28.08 inches.
Hurricane warnings are in effect from Bogue Inlet, N.C., northeastward to the North Carolina/Virginia border, including the Pamlico and Albemarle sounds. A hurricane warning is also in effect for the coast of Massachusetts from Westport eastward around Cape Cod to Hull, including Martha's Vineyard and Nantucket Island. A hurricane watch is in effect for north of the North Carolina/Virginia border to Cape Henlopen, Del. Tropical storm warnings are in effect from Surf City to west of Bogue Inlet, N.C. Tropical storm warnings are also in effect from the North Carolina/Virginia border to Sandy Hook, N.J. This includes Delaware Bay south of Slaughter Beach and the Chesapeake Bay south of New Point Comfort. A tropical storm warning is also in effect for the coast of Long Island, N.Y., from Fire Island Inlet northward and eastward to Port Jefferson Harbor, encompassing much of central and eastern Long Island and from New Haven, Conn., to west of Westport, Conn., including Block Island. A tropical storm warning is now in effect from north of Hull, Mass., to Eastport, Maine. A hurricane watch is now in effect for Nova Scotia from Medway Harbour to Digby. A tropical storm watch is in effect for New Brunswick from just west of Fort Lawrence westward to the border of the United States and Canada. Finally, a tropical storm watch is also in effect for the coast of Nova Scotia from Ecum Secum to Medway Harbour as well as Prince Edward Island.
Earl remains a strong hurricane but continues to show some slow weakening that started earlier Thursday. This has become evident in the satellite representation showing a less symmetrical representation to the colder topped showers and thunderstorms. Earl is moving slightly east of due north and this trend may slowly continue through the overnight hours into Friday morning. This will keep the eye east of 75 west as it parallels the Outer Banks and probably keep the strongest winds offshore. Large waves of 7-10 feet will batter much of the Southeast coast Thursday with waves of up to 20-25 feet impacting the Outer Banks by Thursday night as the center makes its closest approach to Cape Hatteras late Thursday night and early Friday morning. Several inches of rainfall combined with a 3- to 6-foot storm surge will cause flooding Thursday night, with the highest surge being between Hatteras Island and Kitty Hawk on the North Carolina coastline. The threat for rough surf and rip currents will extend into mid-Atlantic and New England coastal areas Thursday, and will persist through Friday. As Earl accelerates off to the northeast Friday and Friday night, near hurricane-force winds will impact Cape Cod and the nearby islands as the eye passes less than 50 miles off to the southeast of Cape Cod Friday night.
Meanwhile, Tropical Storm Fiona continues to move quickly off to the north at 16 mph away from the northern Leeward Islands. As of 11:00 p.m. EDT Thursday, Fiona was centered near 26.9 north, 66.8 west, or about 390 miles south-southwest of Bermuda. Maximum sustained winds remain near 50 mph with higher gusts. The minimum central pressure in Fiona is 1005 millibars, or 29.68 inches. A general track to the north-northwest should continue through Thursday with Fiona making more of a northward turn late Thursday night. A turn to the north-northeast is expected Friday. Eventually, Fiona may approach Bermuda by Friday night and Saturday, and a tropical storm warning remains in effect for the island of Bermuda. Fiona will be fighting through hostile shear, so any further strengthening should be slow.
Tropical Depression Gaston weakened to a remnant low in the far eastern Atlantic Thursday afternoon and will be no threat to land through at least Monday. Despite Gaston's current weakened state, a gradual intensification phase is expected to resume over the next day or so as it heads west into a more conducive environment. Gaston could become a hurricane early next week.
By AccuWeather Senior Meteorologist Jack Boston