After stair-stepping higher Thursday morning, the natural gas futures market shuffled back to unchanged for the session as traders were forced to choke down yet another bearish storage report (84 Bcf injection). Although it succeeded in notching a higher high and a higher low for the third straight session, the November contract failed to post a gain for the day. It finished at $4.913, down 1.1 cents.
Stair
Articles from Stair
Futures Market Funnels Lower as Bears Capitalize on Storage Data
In a delayed reaction to the bearish storage news released Thursday, the natural gas futures market stair-stepped lower in three distinct selling waves Friday.
October 20, 2003