Some traders have said they adhere to a simple philosophy: when everyone is going in one direction, you should head the other way. That seemed somewhat applicable in the cash market Wednesday. With consensus opinion firmly established that prices had little to no chance of rallying anytime soon, what does the market do? It sees prices rise, often fairly strongly, at a solid majority of points.
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Articles from Adhere
AGA Favors Broad Code of Conduct for Firms Reporting Gas Prices
The Federal Energy Regulatory Commission should require “all sellers of natural gas” to adhere to the agency’s proposed code of conduct for reporting prices on natural gas trades to published price indexes, the American Gas Association (AGA) said Tuesday.
August 13, 2003
Futures Adhere to Adage: ‘What Goes Up….’
For the second week in a row, the futures market was unable tobuild on advances posted early in the week, and after the Septembercontract flirted with, but did not break through resistanceTuesday, again came under significant selling pressure that leftthe prompt month down 8.3 cents to settle at $1.812.
August 12, 1998
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