08/24/2019 – Natural Gas
October natural gas:
1. On 08/19 our natural gas forecast indicated new long entry upon daily close above $2.17 for a forecast advance to $2.29/$.30. Natural gas did advance to $2.23.80 but reversed at that point and took out the $2.20 buying level stopping our position out.
2. Subsequently, new short entry was indicated upon a daily close below $2.21 for a decline to $2.12.
3. Natural gas closed below $2.21 ($2.17) for new short entry then went on to complete the $2 and 12 sent downside target (session low $212.60). This successfully completes the 2nd half of this trade.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.