Retested

Withdrawal of 123 Bcf Gets Lost in the Surplus; Traders Eye March Expiration

Capping off a wild day that included a natural gas storage report and the expiration of March options, March natural gas retested the sub-$7 mark on Thursday only to find that support still resides in the area. Late in the session, the prompt month punched higher on a run of buying, putting in a high of $7.600 before settling at $7.458, up 17.5 cents from Wednesday’s close.

February 24, 2006