Despite a large supply of ethane in the Appalachian Basin and no nearby place to put it, several projects to ship the commodity out of the region are challenged by the complexities of the marketplace, according to several project sponsors.
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Technical Buying Vaults Futures Higher; June Gains 15.5 Cents
June natural gas futures put on an impressive show of strength Monday, but neither short-term traders nor analysts who follow the complexities of technical wave analysis are ready to say the bear has gone into hibernation. In active trading June futures rose 15.5 cents to $4.170 and July added 14.7 cents to $4.271. June crude oil rose $1.69 to $76.80/bbl and the Dow Jones Industrial Average gained 405 points to 10,785.
May 11, 2010
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