Natural Gas traded up $0.057 to close at $11.697 Thursday after the EIA reported an injection of 85 Bcf for last week, inline with consensus expectations. The flattish to slightly positive move for once bucked the day's move in crude which saw modest profit taking after hitting another all time high early in the…
Day: May 22, 2008
Thursday – Gas Preview & Oil Review
Profit taking. A four syllable phrase that can make or ruin your day. I did a little profit taking yesterday and I can honestly say that not one bit of it was for fundamental or valuation purposes. Simply put, the need to reduce exposure to a once again staggering broad market, made me increase my…