1800S

With a drilling industry begun in the mid-1800s and modifications to its decades-old oil and gas law in place, Ohio is well prepared for the kind of shale industry growth that has to varying degrees overwhelmed other states, according to Ohio Oil & Gas Association (OOGA) Executive Vice President Tom Stewart.

Technical analysis was originated by Charles Dow in the late1800s as an attempt to interpret recurring historical pricemovements displayed by a group of stocks, which have since evolvedinto today’s Dow Jones Industrial Average. He would have been proudof the natural gas futures market last week. For four days the Maycontract ebbed and flowed within a 10-cent trading range until itbroke higher Friday in a technical buying spree. But as if it werefollowing the same script rehearsed during the prior two tradingdays, the May contract couldn’t hold onto its gains Friday,releasing them in the form of profit taking ahead of the weekend.The May contract capped the week with a 2.7-cent advance to $2.096after notching a $2.15 high.