The bears didn’t waste much time Tuesday evening. Minutes after Claudette was downgraded to a tropical storm, traders took the bull by the horns and were able to steer prices in overnight Access trading below key technical and psychological support at $5.00. When the regular, open-outcry session opened Wednesday morning, there was little question which direction prices were headed.
Pierce
Articles from Pierce
Despite Bearish Storage, Support Holds Yet Again
After failing to pierce through stubborn support, natural gasfutures rumbled higher yesterday afternoon as traders looked pastbearish storage data to focus on bullish technicals. The Februarycontract received the biggest buying boost, stretching 16.9 centshigher to close at $7.115.
January 25, 2001
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
