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Wednesday, December 20, 2006

Bears Warming Up To Natural Gas

Bears warming up to Natural Gas: Lead month January Natural Gas futures fell to 9-week lows, this morning, falling below the $7 handle, as continued mild temperatures in the Midwest and Northeast US are expected to hold through the end of the year. Prices fell as low as $6.96 in the soon to expire January contract, before bargain hunting buying emerged. A mid-day rally in Crude Oil futures drew some spillover buying into the Natural Gas ring. Read More....