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To: isopatch who wrote (78919)	11/14/2000 9:50:00 AM
From: Jon Cave	Respond to of 95453

DJN: DJ Nymex Natural Gas Futures -2: Followthrough Buying DJN: DJ Nymex Natural Gas Futures -2: Followthrough Buying HOUSTON (Dow Jones)--The New York Mercantile Exchange December and January natural gas futures contracts quickly roared to contract highs on the opening Tuesday morning. Forecasters are predicting colder weather through November, a trader said, "with the coldest temperatures we've seen in about three years." At 9:35 a.m. EST, the December contract was up 18.7 cents to $5.885 per million British thermal units from Monday's $5.698/MMBtu settlement. January rose 16.4 cents to $5.87. February also posted a contract high on Tuesday at $5.56/MMBtu, up 13.4 cents. The front months continue to peel away higher than back months. Between December and March 2001, the differential is 70 cents. Traders expect a quick push to $6/MMBtu and perhaps as high as $6.23/MMBtu for December on the sustained cold forecasts and the continued buying from Monday's Access and over-the-counter markets, where the $6 target was attained. Over-the-counter trading, which started at 9 a.m. EST (1400 GMT), saw the December contract opening around $5.87-$.5.88/MMBtu. During evening Access, the December contract traded between $5.651-$6.00/MMBtu, with the last deal done at $5.92/MMBtu, up 22.2 cents. At the benchmark Henry Hub in south Louisiana, physical gas was seen trading around $5.82-$5.83/MMBtu Tuesday morning, compared with Monday's $5.55-$5.62/MMBtu closing range. Support is at $5.78 and $5.61, with resistance at $5.87, $6.00 and $6.232. -By John Edmiston, Dow Jones Newswires; 713-547-9209; john.edmiston@dowjones.com (END) DOW JONES NEWS 11-14-00 09:48 AM * end of story *