Whims

Technicians and Fundamentalists Square Off on Future(s) Price Direction

With little fresh fundamental news of its own, the natural gas futures market was a slave to the whims of other markets’ traders Friday. After dropping lower at the opening bell in sympathy with 30-cent losses in the cash market, natural gas futures regrouped and trended higher during the open-outcry session, as buyers fed off the strength in the nearby crude oil pit.

May 19, 2003