With Tomas being further demoted from a tropical storm to a tropical depression and the industry expecting a much larger-than-normal storage injection in Thursday report for the week ending Oct. 29, natural gas futures were back to probing the downside in Wednesday’s regular trading session.
Demoted
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$3.00 Futures Elude Bulls Again
After etching a new life of contract high at $3.025, the Maycontract was hit with a wave of selling yesterday that demoted itback down to settle at $2.971, even with Friday’s close. Volume wasweak with just 51,445 contracts changing hands.
April 11, 2000
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