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To: John E. Stanga who wrote (47042)	6/29/1999 4:56:00 PM
From: BigBull	Respond to of 95453

Sometime soon after the market closes. It varies sometimes. But have no fear, it WILL be posted here! Anyway, business was brisk in the Gas pits today. I would love to see NG crack $2.5 in the next month. Pray for Global Warming - at least until November - then pray for the next Ice Age! Tee hee. Energy News Tue, 29 Jun 1999, 4:45pm EDT August Natural Gas Futures Soar on Warm Weather Forecast New York, June 29 (Bloomberg Energy) -- August Henry Hub natural gas futures on the New York Mercantile Exchange rose 7.6 cents to $2.400 per million British thermal units, after trading between $2.355-$2.415 on the first day as front-month. September futures rose 7 cents to $2.419 per million Btu, after trading from $2.385-$2.425. ''The contract had a nice up-move today and it was definitely due to the hot weather,'' a trader with Paribas Futures Inc. in New York said. ''It's pretty hot out there and that's what led the contract higher. It got as far as that resistance level and got stuck. I don't think we'll see it get any higher tomorrow because most people will be waiting on the storage report.'' According to Weather Derivatives Inc., of Belton, Missouri, estimated north-central U.S. temperatures will be 8 degrees Fahrenheit above normal for the next 6-10 days. Traders said the next area of resistance would be $2.48. The July contract traded at an intra-day high of $2.480 on June 7, the highest a front-month contract has traded year-to-date. Last week, the American Association Gas estimated U.S. stockpiles rose 85 billion cubic feet to 1,942 billion during the week ended June 18, 3 billion higher than a year earlier. The Nymex estimated today's trading at 95,000 contracts, compared with yesterday's 36,589 contracts. The daily average for the year of 68,317 contracts. -------------------------------------------------------------------------------- © Copyright 1999, Bloomberg L.P. All Rights Reserved.