Unmistakable

Futures Bound Higher; Retracement Likely Thursday

Supported by the unmistakable profile of speculative fund buying, the natural gas futures market made it three in a row Wednesday as prices soared to their highest levels in nearly two months. After quickly filling in a gap on the daily chart, the January contract worked its way higher throughout the trading session on a steady diet of short-covering.

December 4, 2003