05/22/2017 – Natural Gas
- May 22, 2017
- Natural Gas
June natural gas:
1. In last Thursday’s (May 18) Williams edge live meeting it was noted that June natural gas was putting in a daily bottom and a daily close above $3.17 would indicate new long position for a quick advance to $3.30 (or higher).
2. Subsequently, June natural gas closed daily above $3.17 (at $318 .70) and today (Monday, May 22) June natural gas completed the $3.30 upside target (today’s session high, $3.33, so far). This successfully completes the forecast/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.