Techincals

Buoyed by cool weather in the Northeast, bullish techincals andsupportive cash market prices, natural gas futures rumbled higheryesterday as traders bid up prices in an opening bell buyingfrenzy. After gapping higher at the open, the May contract spikedto a new life-of-contract high during the first hour of trading.From that point the buying waned and prices were left to chopsideways for the remainder of the session. May finished up 8 centsat $3.158.