Friday, June 1, 2007

Nymex Natural Gas Falls; Needs Push to Leap Narrow Range, Chartists Say

(Bloomberg) -- Natural gas fell in New York as
traders absorb a U.S. government report showing stockpiles of the
fuel remain above a five-year average and look toward the
market's technical aspects.

With normal weather and no hurricanes yet in the Atlantic
storm season, analysts say much of today's trading will be based
on technical indicators, measures used by traders who rely on
chart patterns to predict price movements.


Read more at Bloomberg Energy News

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