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.