Noncommittal

Futures Drift Higher; January Gains 2.1 Cents in Pre-Expiration Trading

Natural gas futures rose modestly in light, noncommittal post-holiday trading Wednesday. Traders noted that it was unusually quiet for an options expiration, and in spite of bearish fundamentals no one was willing to aggressively sell the market for fear of getting caught on the wrong side of a weather-driven price advance. Longer-term traders hint at a market bottom.

December 27, 2007