---------------------- Forwarded by Carla Hoffman/PDX/ECT on 12/07/2000 06:33 
AM ---------------------------
   
	Enron Capital & Trade Resources Corp.
	
	From:  "Pergher, Gunther" <Gunther.Pergher@dowjones.com>                      
     12/07/2000 06:26 AM
	

To: undisclosed-recipients:;
cc:  
Subject: DJ Nymex Natural Gas Futures Seen Opening 75C-80C Higher Traders 
Calling 'Foul'


14:15 GMT 7 December 2000 *DJ Nymex Natural Gas Futures Seen Opening 75C-80C
Higher
(MORE) Dow Jones Newswires 07-12-00
1415GMT
Traders Calling 'Foul'
HOUSTON (Dow Jones)--The New York Mercantile Exchange natural gas futures
contracts are expected to open 75 cents to 80 cents higher again Thursday in
a march toward $10 per million British thermal units gas prices, traders
said.
ACCESS trading again pushed the numbers, with January gas trading in a wide
$8.61-$9.539/MMBtu range, with the last deal done at $9.95/MMBtu, $1.465
higher than Wednesday's already record $8.485/MMBtu settlement.
"This market resembles a clasic bull blow-off market," said Charlie Sanchez
of Gelber Associates in Houston.
Over-the-counter market was trading early Thursday at $9.28-$9.34/MMBtu,
with physical gas at the Henry Hub seen at $9.35-$9.43/MMBtu, traders said,
compared with Wednesday's closing range of $8.53-$9.30.
Traders see options at $9.00/MMBtu, with 8,200 positions and another 4,600
holding option calls at $10/MMBtu.
Swing swap physical trade has topped $10/MMBtu, a trader said.
"Trees don't grow to the sky," an East Coast trader said early Thursday.
"Not even manipulated ones."
"I've worked in gold markets and in potatoes," a trader said. "I know a
manipulated market when I see one."
Forecasters are predicting colder weather through December, a trader said,
but several traders have come down hard in complaints about the volatility
of a market jerked skyward in late night, low-volume ACCESS trading.
Support remains at $8.10 and $7.43, with resistance at $10 and $11.10,
traders said.
-By John Edmiston, Dow Jones Newswires, 713-547-9209;
john.edmiston@dowjones.com
(END) Dow Jones Newswires 07-12-00
1421GMT


G_nther A. Pergher
Senior Analyst
Dow Jones & Company Inc.
Tel.  609.520.7067
Fax. 609.452.3531

The information transmitted is intended only for the person or entity to
which it is addressed and may contain confidential and/or privileged
material.  Any review, retransmission, dissemination or other use of, or
taking of any action in reliance upon, this information by persons or
entities other than the intended recipient is prohibited. If you received
this in error, please contact the sender and delete the material from any
computer.