Wobbles

Lili Wobbles and Futures Fall Down

After spiking to a new 15-month high shortly after the opening bell, natural gas futures cascaded lower throughout the session Tuesday as traders took profits on forecasts showing Hurricane Lili may not be as “well-organized” a storm as once thought. Plumbing down to the psychologically important $4.00 level near the close, the November contract was hit hardest by the selling. It finished at $4.067, down 7.1 cents for the session.

October 2, 2002