04/22/2014 – Natural Gas

Issued: 04/21/2014

May natural gas:

1. Although the May natural gas contract rolls into June in approximately one week, the following indication can be traded in the May contract:

2. Continued hourly and especially a daily close today below $478 will indicate new short entry for a fast decline and test/attempt at $465/$64 (or lower) into Tuesday, April 22 (+/-1 day).

3. Initial short position exit should be taken at/near $470. The remainder should be exited at/near $465/$64, noted above. Aggressive can continue to hold for the possibility of lower prices to be messaged in a subsequent update.

4. Initial protective buy stop should be placed at $482.50. This stop will be lowered as the market continues to confirm.

David Williams

Issued: 04/21/2014

May natural gas:

1. Today’s May natural gas continued the forecast decline from $478 and completed the initial downside profit target at $470, noted in the original update (today’s session low, $468.70 so far).

2. Lower prices remain indicated, including a test/attempt at $465/$64 (or lower) noted in the previous update.

3. Our protective buy stop has been lowered to $477. This stop will be lowered as the market continues to confirm.

David Williams

Issued: 04/22/2014

May natural gas:

1. May natural gas attempted the forecast $465/$64 downside target but reversed off that attempt (today’s session low, $467.70, so far).

2. Those short May natural gas from at/near $478 should lower their protective stop to $474.50. Will update.

David Williams

Issued: 04/22/2014

May natural gas:

1. Today’s May natural gas hit our recently adjusted protective buy stop at $474.50. This completes the original short trade noted in previous updates. Will message any further entry or indication.

David Williams

Issued: 04/22/2014