July 8, 2002; Six-Year Natural Gas Futures Continue Positive Trend

To investors accustomed to watching 200 day moving averages the natural gas chart below may appear to be expressing a strong trend.  Six-year quotes have been available widely only since Enron's more secretive trading business collapsed last December.  As a result the moving average measures 3-year futures before then.  The closer one looks to the right hand side of the chart the more consistent the comparison. The pattern is similar for Light Sweet Crude Oil.



July 8, 2002; Meter Reader: Independence from Conflicts of Interest