Futures Rebound as Bear-Bull Power Play Continues

Natural gas futures on Wednesday showed there is nothing like the first regular trading session of a new prompt month to turn the tides of market direction as the July contract rebounded 21 cents on the day to close at $7.941. The positive day Wednesday put a halt to the string of seven consecutive sessions of lower closes, which resulted in the June contract’s expiration Tuesday at $7.591.

May 31, 2007