As the screen giveth, so can the screen taketh away. That was the gist of opinion about substantially higher cash prices Tuesday that are expected to be followed by equally substantial declines in Wednesday’s quotes.
Taketh
Articles from Taketh
As the Screen Giveth (in Higher Cash), So Shall It Taketh
Wednesday’s screen spike obviously trumped somewhat bland weather fundamentals in pushing cash prices strongly higher Thursday. However, a combination of reversals in Nymex’s energy futures complex Thursday and the typical drop in weekend industrial load is a sure bet to spur market softness Friday, several sources agreed.
May 21, 2004
Old Man Winter Giveth, and Taketh Away
It is often said markets can fall twice as fast as they rise,and that has never been more evident than it was in the natural gasfutures market over the past two weeks. After all, what took bullsfive and a half days to produce, took the bears just two and a halfto knock down. With a 7.8-cent decline to settle at $2.444, theJanuary contract was 26 cents below Monday’s highs and 0.2 centsbelow its Dec. 10 settle.
December 23, 1999
Screen Blazes Cash Path Again, This Time Down
The screen giveth, and the screen taketh away. Wednesday was aday of taking away much of what had been given to cash prices theday before. As traders continued to play the Hurricane Georgesguessing game (will it or won’t it get close enough to the Gulf ofMexico production area to substantially impact offshore supplies?),quotes were falling across the board but mostly by lesser amountsthan they had risen on Tuesday. With a few exceptions prices werevolatile, with ranges of a dime or more seen at many points.
September 24, 1998
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