The market didn’t stray from the seesaw pattern it had set earlier in the week. After starting out Monday with losses that often were about a dime or higher, prices had rallied somewhat to a near-flat performance Tuesday before yielding to small declines Wednesday. They reversed course again Thursday with mostly small upticks in spite of seeing no appreciable increases in cooling load.
Seesaw
Articles from Seesaw
Market Mostly Up a Bit Again, But Dips Make It Mixed
Prices finally interrupted the up-down-up seesaw changes that had dominated Monday-Wednesday trading by continuing to go in the same direction for the most part Thursday for the second day in a row. But they were seeing more softening than the day before, particularly at Midcontinent/Midwest locations.
April 29, 2011
Cash Points Continue Week’s Trend of Back and Forth Pricing
Continuing the week’s cycle of seesaw trading that saw virtually across-the-board higher prices Monday followed by a reversal lower on Tuesday, nearly the entire natural gas cash market Wednesday for Thursday delivery showed upticks.
March 17, 2011
February Futures Settle Lower Ahead of Storage Report
Continuing the seesaw theme of the week that has seen higher and lower days alternate, February natural gas futures on Wednesday settled 6.9 cents lower at $5.833 as traders turned their attention to Thursday’s release of the Energy Information Administration’s (EIA) natural gas storage report for the week ended Dec. 31.
January 6, 2005
Futures Test $5.80 Support Early Monday Afternoon
Continuing the seesaw motion of trading over and under the $6 mark over the past couple of weeks, September natural gas futures on Monday dropped 29.9 cents to settle at $5.813. Action was fairly lively on the day as 93,882 contracts changed hands.
August 3, 2004
Screen, Western Heat Cause Strong Price Jumps
This week’s seesaw ride in prices continued Thursday withdouble-digit advances in all markets. Wednesday afternoon’s screenrise, which carried over into Thursday, along with severe heat inthe West, were the chief causes of cash strength, sources said.
June 16, 2000
Storage, Warm Weather Put ‘Spring’ in Bears’ Step
The seesaw battle continued Wednesday in the natural gas pit atNymex, but in contrast to the modest gains posted during tradingMonday and Tuesday, yesterday’s session saw the bears regaincontrol. After opening at what would be its high for the day, theMarch contract drifted 6.3 cents lower to settle at $1.775, just apenny off its low.
February 11, 1999
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