Issued: 07/14/2014
Aug. natural gas:
1. In Monday’s, July 7 Williams edge live meeting it was noted that natural gas was in a weak position which indicated a continued decline from approx. $426 down to $414, then $409, and $404 as final downside target.
2. Today’s Aug. natural gas session attempted the $409 downside target (session low, $410.10, so far).
3. No official short entry was messaged based upon the above decline. Self-directed traders should not attempt the final $404 downside target as the market has shown early signs of internal strength (example: natural gas has been unable to touch $409 noted earlier). Will update.
David Williams
Issued: 07/01/2014
Aug. natural gas:
1. Continued hourly and especially daily close above $442 in Aug. natural gas indicates new long entry for a multi-day advance and test/attempt at $453/$54 (or higher).
2. Initial long position exit should be taken at/near $448/$49. Further exit should be taken at/near $453/$54. Any remaining long position should be held for higher price targets to be messaged in a subsequent update.
3. Once long a protective sell stop should be placed at $437.00. The stop will be moved higher as the market continues to confirm.
David Williams
Issued: 07/17/2014
Aug. natural gas:
1. In Monday’s, July 7 Williams edge live meeting it was noted that natural gas was in a weak position which indicated a continued decline from $426 down to $414, then $409, then $404 as the final downside target.
2. Today’s Aug. natural gas completed the final $404 downside target noted in the original update (today’s session low, $404.30, so far).
3. No official short entry was messaged based upon the above forecast decline. Self-directed traders were previously instructed to not attempt the final $404 downside target.
4. Today’s completion of $404 on the downside completes the full move. Will message any further entry or indication as the market confirms.
David Williams
Issued: 07/08/2014
Aug. natural gas:
1. Our previous Tuesday, July 1 update looked for a daily close above $442 in Aug. natural gas for new long entry.
2. On Wed., July 2 Aug. natural gas closed at $435.70, well below the $442 level, negating the above indication.
3. In yesterday’s (Monday, July 7) Williams edge live meeting it was noted that natural gas was in a very weak position which indicated a fast continued to decline to $414, $409, and $404 final downside target.
4. Today’s session continue to show weakness and completed the $414 initial downside target.
5. Although no official short entry was messaged, any self-directed trader should exit partial positions at/near $414. The remaining downside targets should be used as final exits. Will update.
David Williams