Checked

Late Profit Taking Stems Rally; Friday Too Tough to Call

Following on the heels of Wednesday’s 15.8-cent rally, naturalgas futures checked higher to notch another all-time prompt monthhigh, only to turn around and crumble during the last 10 minutesyesterday, as traders took profits at the closing bell. Thesell-off was most pronounced in the October contract, which etcheda daily low at $4.74 moments before settling at $4.782, down 1.9cents for the session. Estimated volume was extremely weak, withjust under 50,000 contracts changing hands.

September 1, 2000
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