Followed

Cash prices across the board followed through on Monday’s Nymexrise by gaining a dime (or more in some cases) yesterday, andexcept for the Alberta market, nobody had any plausible fundamentalreason to explain the changes. Ranges continued to tighten fromlast Friday’s and Monday’s wide-open spaces, a marketer said. Hethinks the market will continue to be range-bound “until we getsome cooling load.” Supply and demand are currently well balancedand storage inventories are far ahead of last year’s, so he doesn’texpect the gas market to heat up until the weather does, “and thatmay not happen until June [futures] is off the board.”