Cash point averages on Monday for Tuesday delivery roared back into the plus column with most spots tacking on 15 to 20 cents across the country, leaving many traders “scratching their heads.”
Tacking
Articles from Tacking
Bullish Optimism Cautioned Despite Another 17-Cent Futures Gain
After tacking on 17-plus cents to the front-month contract on Friday, natural gas futures bulls did so again on Monday, but some market watchers are not yet ready to classify the gains as a change in market direction. June futures on Monday added 17.9 cents to close out the regular session at $3.725.
May 5, 2009
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