Dwelling

After dwelling in the mid $5.70s for most of the day, May futures were able to find some traction in afternoon trading, climbing up to a $5.83 high before settling at $5.809, up half a cent from Monday’s close. The second consecutive negligible day of trading came as little surprise to market-watchers, who had noted that trading this week was expected to be light due to religious holidays and spring break vacations (see Daily GPI, April 6). Volume on the day was 34,541.