Gas Futures Flirt With, Fall Short of $2 Mark

摘要

days as prompt month flirting with significant $2 resistance, only to close out the week in the mid-$1.90s after posting a fractional loss on Friday. Still, it was a good week for bulls who managed a 4 gain last week. And that was only one of the mixed messages last week about spring market direction. Last week's rally belied the enormous storage overhang moving into the injection season, but the bearish fundamentals that created it appear to be shifting after unseasonably cold March weather in the eastern US erased the shock of an extraordinarily early 15 billion cubic foot build reported for the week ended Mar. 15.