Issued: 07/29/2014
September natural gas:
1. September natural gas continues in its extended decline and closed today’s session at $381.50.
2. However, the possibility for an immediate wildcard advance to $405 (or higher) exists during the remainder of this week (week of July 28).
3. Absent the wildcard noted above, a test/attempt of $387 (or higher) is likely tomorrow (Wed., July 30 +1 day). How the market handles $387 may prompt new long entry for the larger advance. Will update as the market confirms.
David Williams
Issued: 07/31/2014
September natural gas:
1. Today’s (Thursday, July 31) September natural gas completed the forecast $387.00 upside target forecast as due on Wed., July 30/Thurs., July 31 (today’s session high, $389.00).
2. The market reversed strongly off the $387 upside target completion, indicating a very small likelihood of trading the wildcard noted in the original update. Will message any further entry or indication if the market confirms.
David Williams