Monday, July 2, 2007

Nymex Natural-Gas Price Is Steady on Trader Short Covering, Light Volume

(Bloomberg) -- Natural gas in New York was steady,
erasing earlier declines, as traders covered short positions.

``The market is weak but it's also fairly vulnerable to a
reflex rally,'' said Dan Chesler, an independent market analyst
in Wellington, Florida, at the start of today's trading. ``If
you're short you may want to play it a little defensive.''


Read more at Bloomberg Energy News

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