Skid

After finding some support at $5.96 in morning trading, the July natural gas futures contract worked itself back up to close at $6.082, down 3.3 cents on the day. Despite recording its sixth consecutive down day, the prompt month’s rebound off of the sub-$6 mark gave bears reason to pause, as bulls look to Thursday for confirmation of the support. Volume was heavy Wednesday with 106,852 contracts changing hands.