Combustible ? : Natural Gas Futures

Natural Gas Futures

The Natural gas market has not been for the faint-hearted as of late. I must say that from the highs of the winter of 2016 the observable structure is a technical nightmare pulsing and swaying on a whim with no evident pattern in place. What I can say is that from those former highs the pattern is non-impulsive in nature and when studying it further I am deeming it an a-b-c wave decline that has not yet run it's course. I do believe that it is , however, very close to doing so. I have currently honed in on a support zone that I contend will turn this market around. This location rest at +/- 2.25. It marks a channel cross and the .786 convergence level. From here I expect the market will turn sharply higher in a C wave advance. This move should push the futures to my first target level of +/- 3.00. Overhead objective comes in much higher at 3.65. I am recommending a bullish strategy be established , preferably by employing May call options. Please contact me at Walsh Trading to discuss my technique and what I am considering to obtain a favorable risk/reward return.

# 312-957-8108

John Lunney

Senior Technical Analyst

Walsh Trading

312 878 2391

888 391 7894 toll free

312 256 0109 fax

Walsh Trading

53 W Jackson Suite 750

Chicago, Il 60604

Walsh Trading, Inc. is registered as a Guaranteed Introducing Broker with the Commodity Futures Trading Commission and an NFA Member.
Futures and options trading involves substantial risk and is not suitable for all investors. Therefore, individuals should carefully consider their financial condition in deciding whether to trade. Option traders should be aware that the exercise of a long option will result in a futures position. The valuation of futures and options may fluctuate, and as a result, clients may lose more than their original investment. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

All information, communications, publications, and reports, including this specific material, used and distributed by Walsh Trading, Inc. (WTI) shall be construed as a solicitation for entering into a derivatives transaction. WTI does not distribute research reports, employ research analysts, or maintain a research department as defined in CFTC Regulation 1.71.