Flipping

Holiday Weekend Lack of Demand Sinks Futures

Even with crude futures flipping back to gains on Friday, natural gas futures traders were unable to ignore their own commodity’s dour fundamentals going into a demand-reducing holiday weekend. The June contract tested support at $3.500 before closing at $3.515, down 8.8 cents from Thursday’s close and a whopping 58.3 cents lower than the previous week’s finish.

May 26, 2009