The Widow Maker

After chopping back and forth for the past few months, the price of natural gas looks poised for a big rally. [Jeff Clark's Market Minute]( The Widow Maker By Jeff Clark, editor, Market Minute After chopping back and forth for the past few months, the price of natural gas looks poised for a big rally. Natural gas peaked last summer when it traded near $9.50 per million British thermal units (MMBTU). Today, the “widow maker” trades near $2.50. That’s a 74% decline over the past nine months. And, it explains why traders call natural gas the “widow maker”… It’s notoriously hard to trade. And it’s prone to outsized moves – which often don’t comply with any sort of logic. Recommended Link [WARNING: These 110 Banks Are Planning to Replace the U.S. Dollar]( [image]( Please, pay close attention because if your bank is on [this “blacklist” with 110 banks]( your entire life savings could be at risk. According to this famous banker, you must move your cash before July 26… Or risk losing everything. [Click here to get the details and learn how to prepare]( for what The Wall Street Journal called a “game-changing development.” [PREPARE NOW.]( -- Nonetheless, like moths to a flame, traders are attracted to the action in natural gas. And, right now, that action looks like it’s turning bullish – just as the seasonal patterns turn bullish as well. For whatever reason, the price of natural gas tends to rally during the summer. In 2020, for example, natural gas rallied from $1.60 to $2.70. That’s a 69% gain in just over two months. The price doubled during the summer of 2021. And, last year, natural gas rallied from $5.50 at the start of July to $9.50 at the end of August. It looks to me like we could see an even stronger rally in natural gas this year. Look at this chart… [(Click here to expand image)]( After declining sharply at the beginning of the year, natural gas has spent the past few months chopping back and forth inside a relatively tight trading range between $2.10 and $2.60. This action is building up energy to fuel the next big move – which I suspect will be higher. All of the various moving averages have coiled together. And, they’re in a bullish formation – with the 9-day EMA above the 20-day EMA, and the 20-day EMA above the 50-day MA. Free Trading Resources Have you checked out Jeff's free trading resources on his website? It contains a selection of special reports, training videos, and a full trading glossary to help kickstart your trading career – at zero cost to you. Just [click here]( to check it out. If natural gas can close convincingly above the resistance line of the consolidation pattern – at about $2.60 – then there’s no real resistance until about $5.00. In other words, natural gas looks poised for a 100% rally. Granted… nothing in the markets is ever guaranteed. And, natural gas is called the widow maker for good reason. But with the seasonal factors turning bullish, and with the chart pattern looking bullish as well, I like the odds for a strong rally in the price of natural gas. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG What’s been your experience trading natural gas? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [New Dollar Warning From Expert Forecaster]( Jeff Clark predicted and/or profited from the last four major market crashes. But now, he’s coming forward with a brand-new prediction about the dollar. [Just click here for all the details – including a unique way to protect yourself.]( [image]( [Jeff Clark's Market Minute]( Jeff Clark Trader 55 NE 5th Avenue, Delray Beach, FL 33483 [www.jeffclarktrader.com]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. This editorial email containing advertisements was sent to {EMAIL} because you subscribed to this service. To stop receiving these emails, click [here](. Jeff Clark Trader welcomes your feedback and questions. But please note: The law prohibits us from giving personalized advice. To contact Customer Service, call toll free Domestic/International: 1-800-752-0820, Mon–Fri, 9am–7pm ET, or email us [here](mailto:contactus@jeffclarktrader.com). © 2023 Omnia Research, LLC. All rights reserved. Any reproduction, copying, or redistribution of our content, in whole or in part, is prohibited without written permission from Omnia Research, LLC. [Privacy Policy]( | [Terms of Use](