Natural gas prices slipped lower for the third-straight session Wednesday as traders continued to lighten their longs ahead of the release of weekly inventory data Thursday. Similar to the early weakness exhibited on Monday and Tuesday, the market experienced its heaviest selling in the morning Wednesday, forcing bulls to battle back in the afternoon from a deep deficit.
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After One Day Hibernation, Bears Awake Friday
In reaction to moderating weather forecasts for this week and amid some very negative technical factors, natural gas futures tumbled lower Friday, as traders liquidated positions ahead of the weekend. The November contract was the hardest hit by the selling pressure, slipping 18.7 cents to close at $2.227. The winter strip was not far behind, giving back 14.5 cents to finish at $2.657.
October 8, 2001
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