After checking higher yesterday morning, natural gas futures made another push to the upside early in the afternoon as traders digested the latest natural gas storage supply data. The October contract received the biggest boost, shuffling 6.1 cents higher to close at $2.420.
Checking
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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
After Checking Higher, October Futures Settle Lower
Like a politician in an election year, the natural gas futuremarket had something for everyone yesterday as prices spiraledhigher early in the session on storm hype and short covering onlyto crumble at the end on slightly bearish storage numbers.
September 28, 2000
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