After gyrating first lower and then higher on the news that 83 Bcf was injected into underground storage facilities last week, natural gas futures shuffled mostly sideways for much of the session Thursday as buyers remained reluctant to accumulate large long positions. The September contract finished the session at $4.718, up a nickel on the day. At 63,615, estimated volume was relatively weak again Thursday, evidence that the market lacks a consensus on price direction.
Gyrating
Articles from Gyrating
After Gyrating Higher, Futures End Near Support at $6.00
Monday’s natural gas futures trading session had a little something for everyone. The market erupted higher at the opening bell in reaction to the news that cracks had been found in AEP’s Cook Nuclear Plant # 2. However that buying failed to propel the market past its $6.44 May 14 high, leaving the technical door open for profit-taking. Bears did not waste the opportunity and, with a little help from mild weather forecasts and a falling crude oil market, had no problem pushing the market lower throughout much of the trading session.
May 20, 2003
Canadian Arctic Exploration Moves Full Steam Ahead
Undaunted by gyrating prices or Alaskan competition, the next big steps in reviving natural gas exploration in the Canadian Arctic have begun on schedule.
July 30, 2001
Canadian Arctic Exploration Moves Full Steam Ahead
Undaunted by gyrating prices or Alaskan competition, the next big steps in reviving natural-gas exploration in the Canadian Arctic have begun on schedule.
July 30, 2001
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