Squanders

Cautious Selling Squanders Bearish Opportunity; Futures Drop Only a Nickel

Following a four-day, 55-cent rally, the natural gas futures market cooled its jets Tuesday as traders considered the impact of what some suspect may be the largest storage injection in the nearly 10-year data history. However, after being given the green light by the lower opening, bears failed to capitalize on the opportunity, leaving only light profit-taking to push prices lower.

June 4, 2003