Main Event to Watch for Natural gas in EIA Natural gas Storage Data :

The Energy Information Administration (EIA) Natural Gas Storage report measures the change in the number of cubic feet of natural gas held in underground storage during the past week.

Prior : 62 B

Expected/Forecast : 55B to 74B

Actual : 67B

Previous:

Release Date Actual Forecast Previous
Jun 07, 2012 62.000B 56.000B 71.000B
May 31, 2012 71.000B 70.000B 77.000B
May 24, 2012 77.000B 76.000B 61.000B
May 17, 2012 61.000B 55.000B 30.000B
May 10, 2012 30.000B 34.000B 28.000B
May 03, 2012 28.000B 31.000B 47.000B

Basis of Prediction :

* Milder weather in consuming regions of the USA * Hot weather lingers in Texas, parts of South * Natural Gas futures lower, hover near six-week spot low

Canadian natural gas rose as forecasters tempered heat forecasts for the U.S. Midwest and Northeast prior to todays’s report on inventory levels.

 

Our Natural Gas Live Call (Already Given to Members), Natural Gas June MCX : Buy in the range of 121.8-122.4,Target1: 123.9,Targert2:125.9,Target3:128.9  stop loss below 119.. Given at 14.06.12, 03:11 PM

Levels to Watch :

NYMEX Natural Gas – Jun’12

  • Supports:  2.155   2.179   Resistance:   2.215   2.227
  • Trading Range Expected 2.180-2.230

MCX Natural Gas -June’12

  • Supports: 120.7   121.9   Resistance:   123.8   124.5
  • Trading Range Expected 119.40-125.40

Natural Gas Call Update :

Buy Given @ 121.8-122.40,High Made: 124.60,target1 is Achieved,Profit:2500+ per lot – www.Commodity20.com

@14.06.12,06:11 PM

Inventory Update: As we Expected,Inventory shown Draw Down, It will have a Positive Impect on Natural gas Prices @ 14.06.12,08:02 PM

Working Gas in Underground Storage, Lower 48 other formats:  Summary TXT  CSV
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
06/08/12 06/01/12 Change Year Ago (06/08/11) 5-Year (2007-2011) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East
1,406
1,363
43
994
41.4
1,072
31.2
West
436
423
13
300
45.3
346
26.0
Producing
1,102
1,091
11
942
17.0
860
28.1
Total
2,944
2,877
67
2,236
31.7
2,278
29.2

Natural Gas Call Update 2  :Buy Given @ 121.8-122.40,High Made: 130.60,All Target ware Achieved, Minimum Profit:5000+ per lot – www.Commodity20.com@14.06.12,08:09 PM

Members Enjoy Big Profits in Natural Gas.. Hit Buyer Circuit 130.60..We Still Expect Up Trend,May Hit 2nd Circuit too..

Technical Updates : Natural Gas June MCX : Prices are at 131.60 levels up by 7.0%. Fibonacci support is seen at 130 levels (23.6% retracement of the fall 159.30-121.25).

Daily closing above the same it may move higher till 135.7 then 140 levels.

Intraday traders can buy on dips near 128-129 levels with stoploss below 125. CMP 131.60 @ 14.06.12,08:22 PM

as We Said Natural Gas is Near it 2nd Buyer Circuit of 134.30,CMP:133.80,Those Who are Holding Long Positions are advised to Book Full Profit here.. 14.06.12,08:42 PM

NEWS UPDATE: LONDON, June 14 (Reuters) – BG Group <BG.L> plans to shut down its Lomond oil and gas field in the North Sea in August for maintenance and has no other scheduled field shutdowns this year, a spokeswoman said on Thursday. The Lomond field produces 74 million cubic feet of gas per day and 2,517 barrels of oil per day, according to average figures reached in 2009.

 See,As we Predicted,Natural Gas Prices Hit its 2nd Buyer Circuit, Cmp:134.30 , Circuit Hit…Huge Profits for ALL..@ 14.06.12,09:48 PM

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