June Futures Hesitant to Make a Move As Spring Shoulder Season Sets in

摘要

The June futures contract fell 2.4% Friday, heading into the weekend in the upper $2.70s per million. But bulls needn't be too concerned as it followed an 18-month trend in which the newly minted prompt month contract has seen a slight retracement after prices pushed higher at expiration. Bottom line: "The slow and steady strength in prices looks to continue," an EcomEnergy analysis said.