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