Overextended

Traders Sense Loss of Momentum; May Slips 12.6 Cents

May natural gas futures eased in busy trading Tuesday as traders sensed an overextended market and an end to upward price momentum. Traders were looking for a close above $10.650 as an indicator that the upward trend in prices was still intact. May futures, however, fell 12.6 cents to $10.607, and June lost 11.1 cents to $10.763.

April 23, 2008