(c) 2010 F. Bruce Abel
This from off my Schwab newswire.
Natural Gas at 6-month Lows
3:35 pm ET 03/25/2010 - Briefing.com
[BRIEFING.COM] The dollar broke into positive territory after reversing its early losses as the Euro broke down amid numerous Greek rescue headlines. In turn, commodities pared their early gains.
Precious metals held on to minor gains despite the dollar's recovery. April gold closed 0.4% higher at $1090.90 per ounce. May silver closed 0.6% higher at $16.74 per ounce.
April natural gas sold off in the morning ahead of its inventory report this morning. It hit closed 2.9% lower at $3.99 per MMBtu. Natural Gas futures are now at 6-month lows.
Crude oil futures trended higher throughout the session but faded after hitting resistance at the $81.50 level. It closed fractionally lower at $80.53 per barrel.
