Penetrating

Despite Moderating Heat Picture Ahead, Futures Rally 14 Cents

After penetrating lower on Monday, August natural gas staged a rebound in Tuesday’s session, trading as high as $7.470 before settling at $7.425, up 14.1 cents on the day.

July 27, 2005

After Penetrating $6, Futures End Week on Four-Day Backslide

Following its test of the $6 resistance on Monday, May natural gas futures finished the week on a four-day slide lower, closing 12.4 cents down on Friday at $5.610. Some analysts looked to the country’s current weather pattern, as well as the storage situation, for answers, taking into account Thursday’s slightly bearish EIA storage report.

April 19, 2004