Neglecting

Neglecting fundamentals and running with technicals alone, the Nymex June natural gas futures contract ceased its flirting with the psychological $6 mark on Monday by barreling through it — setting a new June high of $6.25. The contract backed off slightly in late afternoon trading to close at $6.231, up a whopping 36.9 cents on the day and 12.1 cents over the previous June high of $6.11.