The July Nymex contract started the week right where it left offlast Friday by probing 2.1 cents higher to settle at $2.191yesterday. After trading higher into the closing bell last Fridaythe market opened lower on Monday, briefly tested short-termsupport, then managed to retrace back up near overhead resistanceat $2.20-21. Estimated volume was a healthy 56,566 contracts.
Builds
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Touchstone Builds Coop Powerhouse, Launches Campaign
Touchstone Energy is planning to launch a national brandingcampaign this weekend with television, radio and print ads in 20major American markets, primarily to keep as many of its 11 millionretail customers from getting cherry-picked by power marketers. Andit is considering adding natural gas, propane, telecommunicationsand security services to its future energy mix.
April 3, 1998
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