07/21/2014 – Natural Gas
Aug. natural gas:
1. In our Friday, July 11 Williams edge live meeting it was noted that natural gas (then trading at approximately $412) should continue to decline and test $390/$89.
2. Today’s (Monday, July 21) Aug. natural gas continued to decline further and completed the $390/$89 downside target (session low, $383.40, so far).
3. Today’s continued decline and completion of the $390/$89 downside target further helps confirm recent improvements made in natural gas forecasting accuracy. Will message any further entry or indication as the market confirms.
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.