Adding to losses etched in Thursday’s abbreviated session, the natural gas futures market continued lower Friday as buyers appeared content to wait for sub-$5.00 prices before re-entering the market.
Etched
Articles from Etched
Technicals and Weather Give Bulls Green Light
After failing to break to beneath pivotal support etched last Wednesday, natural gas futures rocketed higher Monday as commercial traders greeted the return of hot temperatures, and non-commercial traders rushed to cover shorts. The September contract was the biggest beneficiary of the buying surge, closing 20.4 cents higher at $2.965. Estimated volume across all months was moderate, with an estimated 81,811 contracts changing hands.
August 13, 2002