04/29/2015 – Natural Gas
Issued: 04/29/2015
June natural gas:
1. In Monday’s (April 27) Williams edge futures meeting it was noted that a touch and daily close on Tues., April 28 in May natural gas above $250 would indicate new long entry for further expected advance.
2. Tues., April 28 tested $250 and closed the session at $253, prompting new long entry.
3. Today’s (Wednesday, April 29) session continues on the advance. Partial long position exit should be taken at current prices (current price $257.50).
4. A protective sell stop should be placed at $254. This stop will be moved higher as the market continues to confirm.
David Williams
Issued: 04/29/2015
June natural gas:
1. In Monday’s (April 27) Williams edge futures meeting it was noted that a touch and daily close on Tues., April 28 in May natural gas above $250 would indicate new long entry for further expected advance.
2. Tues., April 28 tested $250 and closed the session at $253, prompting new long entry.
3. Today’s (Wednesday, April 29) session continues on the advance. Partial long position exits were taken earlier today at $257.50).
4. In today’s Williams edge futures meeting it was noted that the final upside profit target was $261 which was completed today (today’s high, $261.20). This resulted in a successful trade. Will message any further entry or indication in June 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.