Technically Speaking, $4.00 is Key

After a briefly checking below support at $4.00 and then back up into the low $4.10s, natural gas futures limped lazily sideways for much of the session Thursday as trade buying met almost equally with fund and local selling. At the closing bell the July contract was 7.4 cents lower for the session at $4.038. Estimated volume was relatively light, with only 67,994 contracts changing hands.

June 15, 2001

Fund Selling Briefly Demotes Prices Below $5.00

Amid a steady stream of non-commercial selling, natural gasfutures tumbled lower yesterday morning, renewing fears that themarket may not have reached a bottom and further losses arepossible. Plunging to its lowest level in more than three months,the April contract took the selling on the chin yesterday, falling15.7 cents to close at $5.006. Volume at Nymex was healthy with anestimated 56,626 contracts changing hands.

March 14, 2001

ANWR, Offshore Are Hot Political Topics Again

If you briefly closed your eyes during a House hearing ondomestic energy policy last week, you would have thought you hadbeen transported back in time to the early 1990s. The cast ofcharacters — former Energy Secretary James D. Watkins and formerCongressman Phil Sharp — were the same, and the issues theyaddressed – opening up the Arctic National Wildlife Refuge (ANWR)to drilling and lifting the offshore moratoria — rang a veryfamiliar tune.

May 29, 2000

ANWR, Offshore Are Hot Political Topics — Again

If you closed your eyes only briefly yesterday during a Househearing on domestic energy policy, you could have sworn you movedback in time by a decade. The players — former Energy SecretaryJames D. Watkins and former Congressman Phil Sharp — were thesame, and the issues they addressed — opening up the ArcticNational Wildlife Refuge (ANWR) to drilling and lifting theoffshore moratoria — were identical.

May 25, 2000

Moderate Price Upticks Not Expected to Continue

The cash market pulled out of its early-2000 slide at leastbriefly with a generally flat to slightly higher price performanceWednesday. However, sources found little but bearish indicators forthe near future.

January 6, 2000

Futures Side With Bearish Fundamentals…Again

After briefly testing resistance in the $2.00 area Wednesdaymorning, the futures market continued its journey lower as traderswere able to look past the short-term bullish impacts of coldweather and associated pipeline operational flow orders to focus onthe longer-term implications of storage and forecasts calling forwarmer weather. The February contract finished 4.4-cents lower at$1.931.

January 7, 1999

September Futures Continue Price Slide

September debuted as the spot Nymex contract Thursday in afairly uneventful fashion, by first trading briefly higher, beforelight selling pushed the market down to settle at $1.906, a 2.7cent loss for the day. Traders continue to point to the currentdowntrend that “exerts its influence on this market at every turn,”as a reason for the move lower. “[Thursday] there was not muchimpetus to move higher or lower, but the mentality in this marketcontinues to be buy little dips and sell the rest of the time,” atrader offered.

July 31, 1998
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