Cash prices galloped 35-40 cents higher across the country on Tuesday in response to Monday’s wild 37-cent jump in June gas futures and the continued strength in the gas and oil futures markets on Tuesday.
Galloped
Articles from Galloped
Futures Advance 40 Cents as Technicals and Fundamentals in Bullish Agreement
Adding to strength experienced in the overnight access trading session, natural gas futures galloped higher Monday as short-covering made a indelible imprint on a market otherwise devoid of much trading liquidity. After gapping higher at the opening bell, the prompt June contract received a boost by supportive technical features as well as reports of nuclear unit problems. It closed at $5.689, up 43.4 cents for the session.
May 6, 2003
Speculative Shorts, New Weather Forecasts Bail Out Bulls
Fueled by continued below-normal temperatures and amidconflicting weather forecasts, natural gas futures galloped higheryesterday as institutional investors covered short positionsestablished over the past two and a half months.
January 21, 2000
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
