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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (43047)	2/13/2006 12:07:33 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 67923

10:14AM Crude falls, but natural gas climbs in early trading by Myra P. Saefong SAN FRANCISCO (MarketWatch) -- March crude traded at $61.55 a barrel in New York, down 29 cents while March natural gas tacked on 1.4 cents to trade at $7.33 per million British thermal units. Despite "frigid temperatures and mounds of snow" in the Northeastern United States, the oil market "seems convinced it will take more than one historic winter storm to eat away at plentiful energy supplies," said Phil Flynn, a senior analyst at Alaron Trading. "The market thinks winter is almost over and the chances of another storm hitting or enough cold to draw down supply is about as likely as getting hit with a record number of hurricanes."