Futures Wednesday continued to bounce off the walls of the trading range that has been in place for the last two weeks, and traders said that it would take an unexpected weather event or unusual storage figure to get the futures moving one way or the other. November futures fell 6.7 cents to $6.777 after trading as high as $6.970 in electronic trading and December fell 11.1 cents to $6.977. December crude oil tumbled $5.43 to $66.75.
Walls
Articles from Walls
Traders Test Support, Await Fresh Storage News
Trading within a 13-cent band on Wednesday, natural gas futures traders basically confirmed that the walls are basically closing in with regard to the ever-tightening trading range of the past few months. June natural gas on Wednesday ended up closing on the day’s high of $7.890, up 2.6 cents from Tuesday.
May 17, 2007
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