Issued: 04/06/2015
May natural gas:
1. As noted in today’s Williams edge live meeting a daily close today in May natural gas above $263.50 will be the earliest indication for a tradable multi-day advance and test/attempt at $272/$73 into mid week.
2. Will message any new entry in tomorrow’s (Tues., April 7) session as the market continues to confirm as noted above.
David Williams
Issued: 04/07/2015
May natural gas:
1. As noted in yesterday’s (Mon., April 6) Williams edge live meeting (and subsequent report) a daily close on Mon. in May natural gas above $263.50 would be the earliest indication for a tradable multi-day advance and test/attempt at $272/$73 into mid week.
2. Yesterday’s session tested the $263.50 level and closed the day at $265.70, indicating new long entry.
3. Today’s (Tues., April 7) May natural gas session advanced and made its initial attempt at the $272/$73 upside target (today’s session high, $270.90, so far). However, this may be all the natural gas market can do. It is hoped that some initial profit-taking was booked during the above attempt.
4. At this point, it is prudent to exit any final long position at current prices (current price $265.30). Will message any further entry or indication in May natural gas.
David Williams