In what may turn out to be a Pyrrhic victory, bulls weresuccessful on two fronts Friday — testing resistance at $3.00 andposting a gain for the third straight session. However, thoseachievements may have come at a price because even dyed in the woolbulls were shaking their heads after watching heavy selling enterthe market once prices reached over the $3.00 mark.
Pyrrhic
Articles from Pyrrhic
Futures Yo-Yo Amid Muddled Fundamentals, Technicals
In what may have been a Pyrrhic victory, bears were successfulpushing futures prices lower Wednesday amid reconfirmed reports ofwarm weather expected this weekend and next week. Prices for theMarch contract finished the session down 5.4 cents at $2.564 inwhat several sources called a lackluster trading session.
February 17, 2000
Late Futures Sell-Off May Be Sign of Things to Come
In what may have been a Pyrrhic victory for bulls, natural gasprices cruised to its seventh straight advance yesterday as tradeand local buyers took the February contract to its highest level inalmost a month.
January 20, 2000
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