(Bloomberg) -- Natural gas in New York was little
changed as intense hot weather that spurs demand and storms that
pose a possible threat to production haven't materialized.
``It looks like it's trying to hold this $6.80 level as far
as the July contract goes, you may have the shorts come in and
take some profit and get a bounce,'' said Brad Florer, a trader
with Kottke Associates Inc. in Louisville, Kentucky. ``And a lot
of guys who are long, are thinking if they can just tread water
and hold here, they'll get a storm and a move, and everything
will be alright.''
Read more at Bloomberg Energy News
changed as intense hot weather that spurs demand and storms that
pose a possible threat to production haven't materialized.
``It looks like it's trying to hold this $6.80 level as far
as the July contract goes, you may have the shorts come in and
take some profit and get a bounce,'' said Brad Florer, a trader
with Kottke Associates Inc. in Louisville, Kentucky. ``And a lot
of guys who are long, are thinking if they can just tread water
and hold here, they'll get a storm and a move, and everything
will be alright.''
Read more at Bloomberg Energy News
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