Natural gas futures bulls continued to lick their wounds Friday as the March contract traded within its well-established recent range before closing at $4.452, down 3.3 cents from Thursday and 32.2 cents lower than the previous week’s finish.
Wounds
Articles from Wounds
Nymex Contracts Recover Slightly From Price Rout
The May Nymex contract took time out to lick its wounds Tuesdayby gaining 2.2 cents to settle the day at $2.501. Several longtraders were concerned that May would add to its massive 17.8 centloss turned in on Monday, but good buying from the outset kept Mayat either side of $2.50 throughout the session.
April 15, 1998
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