After a briefly checking below support at $4.00 and then back up into the low $4.10s, natural gas futures limped lazily sideways for much of the session Thursday as trade buying met almost equally with fund and local selling. At the closing bell the July contract was 7.4 cents lower for the session at $4.038. Estimated volume was relatively light, with only 67,994 contracts changing hands.
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Articles from Lazily
Quiet Day-Session Gives Way to Weather-Induced Buying
Without much in the way of fresh fundamental news, natural gasfutures limped lazily lower during the regular open-outcry sessionyesterday after an early foray to the $7.85 level failed to attractadditional buying. With that, the January contract notched itsthird down-day in a row, closing 12.4 cents lower at $7.413.Estimated volume of just 51,593 was evidence of a price move thatlacked conviction, traders observed.
December 15, 2000
Futures Mark a Lazy Summer Friday
Lacking strong leadership for the fourth day in a row thenatural gas futures market continued to limp lazily sidewaysFriday. But unlike the modest gains that were posted Tuesday,Wednesday and Thursday, prices drifted lower to close out the week,possibly setting the market up for more losses today. The Julycontract finished 3.7-cents lower at $2.258.
June 28, 1999
Nymex Expiration Day: Calm Before Storm
After opening just below Tuesday’s close, the May futurescontract chopped lazily sideways yesterday before eking out a smallgain before the close. In fact, yesterday’s price action was sosubdued it was hard for some traders to believe it was expirationday at the New York Mercantile Exchange. The May contract completedits tenure as prompt month, expiring at $2.348, up 1.7 cents forthe day.
April 29, 1999
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