04/06/2015 – Natural Gas
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
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.