04/08/2014 – Natural Gas
Issued: 03/31/2014
May natural gas, previous update:
1. In Wednesday’s (March 12th) live meeting it was noted that April natural gas was expected to decline from approximately $446.00 (the then current price) and test $440.30 into today, Thursday, March 13 (+/-1 day).
2. Today’s April natural gas declined and making a session low of $440.00, so far, completing forecast. How the market handles this level remains important, and may prompt further entry. Will update.
Latest update:
1. Continued daily closes above $433 (and especially $436) indicates a tradable multi-day advance and test/attempt at $451/$52 into Monday, April 7 (+/-1 day).
2. No new long entry is indicated at this point. Will message any new entry as the market continues to confirm as noted above.
David Williams
Issued: 04/07/2014
May natural gas, previous update:
1. Continued daily closes above $433 (and especially $436) indicates a tradable multi-day advance and test/attempt at $451/$52 into Monday, April 7 (+/-1 day).
2. No new long entry is indicated at this point. Will message any new entry as the market continues to confirm as noted above.
Latest update:
1. Today’s May natural gas advanced powerfully and completed our March 31 forecast for a daily close above $433 (and especially $436) indicating a tradable multi-day advance and test/attempt at $451/$52 into Monday, April 7 (+/-1 day).
2. Today’s natural gas market completed the $451/$52 upside target (today’s session high $452.80, so far).
3. Aggressive self-directed traders exited the majority of their position at/near $451/$52. Will message any further entry or indication as the market confirms.
David Williams
Issued: 04/09/2014
May natural gas, previous update:
1. Today’s May natural gas advanced powerfully and completed our March 31 forecast for a daily close above $433 (and especially $436) indicating a tradable multi-day advance and test/attempt at $451/$52 into Monday, April 7 (+/-1 day).
2. Today’s natural gas market completed the $451/$52 upside target (today’s session high $452.80, so far).
3. Aggressive self-directed traders exited the majority of their position at/near $451/$52. Will message any further entry or indication as the market confirms.
Latest update:
1. The next important daily market top for May natural gas is today, Wed., April 9 (+1 day).
2. A daily close today/tomorrow (Thursday, April 10) below either $459 or $457 (or both) will indicate new short entry for a tradable multi-day decline and test/attempt at $446/$45 (or lower) into Monday, April 14 (+/-1 day). Will update as the market continues to confirm.
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.