Prices fell at virtually all points Thursday as buyers in key northern market areas looked for warming trends going into the weekend to lighten their loads. Wednesday’s 12.4-cent rise by February futures had no effect on stemming the broad-based declines in cash quotes.
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Prices Trickle Lower as Storage Bears Awake
Natural gas prices slipped lower for the third-straight session Wednesday as traders continued to lighten their longs ahead of the release of weekly inventory data Thursday. Similar to the early weakness exhibited on Monday and Tuesday, the market experienced its heaviest selling in the morning Wednesday, forcing bulls to battle back in the afternoon from a deep deficit.
October 16, 2003
Revised Forecasts Prompt Traders to Lighten Long Exposure
Adding to pre-holiday losses notched last Wednesday, natural gas futures gapped lower at the open bell Monday as traders learned that the bearish combination of storage and weather is unchanged from last week. However, after plumbing a $2.61 low shortly after the open, the December contract shuffled higher yesterday to retake a portion of its earlier losses. The prompt month finished at $2.696 down 11.7 cents for the session, but up 8.6 cents from its low Monday.
November 27, 2001
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