Natural gas futures fell today as traders began taking profits after a three-session surge ran July gas up more than 54?

摘要

Exacerbating the selling was a rumor that a large hedge fund, highly leveraged into bear-spread positions, had blown up. Fanning that flame was scuttlebutt that the fund was run by the same management that "blew up" a natural gas fund in 2006, precipitating a massive sell-off. Based on today's close, indicators suggest that prices could probe the low $4.60s.