Traders Don’t Say ‘Hello Dolly’ as Futures Continue to Plummet

After regrouping the previous two sessions as August natural gas futures recorded a gain of 3.3 cents and a drop of 6 cents, respectively, the bears were on the prowl again on Tuesday as the prompt-month contract had 44.3 cents sliced from its value. The contract dipped below $10 on Tuesday before closing at $10.067 while August crude also got back to its recent bearish ways by dropping $3.09 to finish at $127.95/bbl.

July 23, 2008

Directionless Futures Market Results in a Quiet 7-Cent Range

Resting and regrouping appeared to be the themes Wednesday as June natural gas traded a slim 7-cent range before closing out the day at $7.730, up 1.2 cents from Tuesday’s close.

May 3, 2007

Futures Finish Bearish Week $1.64 Lower; More to Come?

After regrouping on Thursday with a mostly neutral session, traders on Friday resumed the downtrend in natural gas futures. The December contract pushed as low as $11.215 before finishing Friday at $11.415, down 27.4 cents on the day and a whopping $1.64 lighter for the week.

November 7, 2005

August Futures Rest Ahead of Expiration Wednesday

Regrouping after the 17.7-cent loss on Monday, August natural gas futures traded within the $5.965-6.025 range before settling at $5.989 Tuesday, up 3.2 cents in the uneventful session. As the soon-to-be prompt month, September futures climbed 2.6 cents to close at $6.022.

July 28, 2004