After a lower open natural gas futures quickly tested thedownside Friday, but the selling dried up, which uncovered someposition squaring into the weekend. With that the January contractwas able to break its string of losses after three days, finishingup 1.8 cents to $1.858. Estimated volume was a light40,799contracts.
Tested
Articles from Tested
Futures Receive Boost from Rocketing Cash Prices
High volatility continued in the natural gas pit Tuesday whentraders tested both sides of the market during a session that sawlittle in the way of fresh fundamental news. In the end, supportivecash prices-that were up 20 or more cents in mostlocations-provided the incentive for futures to trend higher. TheDecember contract led the way, eeking out a 4.9 cent gain to settleat $2.436 in light to moderate trading activity yesterday.
November 4, 1998
Futures Rally in Response to Cash Gains
For the third day in a row the April Futures contract tested butwas unable to break through the $2.185 resistance level, stoppingshort at $2.172 Wednesday. April opened higher in sympathy withHenry Hub cash market prices, which eked out a couple-cent gain onthe day, but it was limited to a 4-cent trading range with arelatively light 31,462 contracts changing hands.
March 12, 1998
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