Cash prices were unable to sustain this week’s earlier upwardmomentum and were turning modestly softer Wednesday. Severalsources expected declines to grow greater today since most of thescreen’s dive of nearly a dime Wednesday followed release of AGA’sstorage report, well after cash trading had been completed.
Sustain
Articles from Sustain
Winter Weather Worsens, But Prices a Bit Weaker
As many traders had expected, prices were unable to sustain thestrong upward momentum with which they began the week. Even asblizzard conditions got worse Tuesday in several major marketareas, quotes for today’s gas flow were flat to as much as a nickellower. Apparently utilities and other end-users started leaningmuch more heavily on their storage accounts after Monday’s cashrun-up left many points trading well above first-of-month indexes,especially in Eastern markets, one source said.
March 10, 1999
Late Futures Rally Caps Quiet Session
The futures market was able to sustain another day of weakercash prices Friday to trade on either side of unchanged on the day.A late rally on weak volume after many traders in New York andHouston had called it a week was the market’s only excitement forthe day and provided the November contract with a 1.4-cent boostgoing into the weekend to settle at $2.109.
October 19, 1998
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