Erratic Behavior and False Breakouts: The Widow Maker Is Ready to Strike

The widow maker is at it again. [Jeff Clark's Market Minute]( Erratic Behavior and False Breakouts: The Widow Maker Is Ready to Strike By Jeff Clark, editor, Market Minute The widow maker is at it again. Natural gas is known to commodity traders as the “widow maker,” because of how difficult it is to trade. The price is often erratic. It doesn’t seem to conform to any of the standard rules of technical analysis. It often trades irrationally – rallying when the fundamentals argue for a decline, and vice versa. As a result, most folks lose money trying to trade natural gas. Hence, the widow maker. Recommended Link [WARNING: These 110 Banks Could Replace the U.S. Dollar in Weeks]( [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 November 1st… Or risk losing everything. [Click here for the three critical steps to take]( to prepare for what The Wall Street Journal called a “game-changing development.” [PREPARE NOW.]( -- And yet, some of us just can’t help ourselves. We saunter into the trading pits determined to solve the natural gas puzzle. Because, when you get it right, the payoff can be quite large. For example, the last time we looked at natural gas was [back in July](. The widow maker was trading at about $2.60. The price appeared to be breaking out of a four-month-long trading range. And I argued that natural gas could hit $5 by the end of the year. Shortly afterward, as if to prove its reputation for erratic behavior, the price of natural gas fell back inside its trading range. The breakout was false. Natural gas has spent the past several weeks chopping back and forth – frustrating bulls and bears alike. Last week, though, the price of natural gas quietly exploded higher. I write “quietly” because it seems as though no one has noticed. The price spiked by more than 20%. But, none of the financial television talking heads have said anything about it yet. Here’s the updated chart… [(Click here to expand image)]( The widow maker has clearly broken out of its consolidation pattern (lower dotted blue lines). Natural gas is trading at its highest price since mid-January. The next real resistance level is all the way up at $5. Granted, it’s not going to be a straight shot higher. This is the widow maker after all. But, after being stuck in a trading range for seven months, there’s a lot of energy built up in this chart. 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. It sure looks like that energy will result in a strong rally to me. So, I’m sticking to my year-end target of $5 for natural gas. Best regards and good trading, [Signature] Jeff Clark READER MAILBAG Are you trading natural gas? Let us know your thoughts – and any questions you have – at feedback@jeffclarktrader.com. IN CASE YOU MISSED IT… [NEW EXPOSÉ: The shocking truth about AI]( The launch of ChatGPT kicked off a historic artificial intelligence (AI) boom. But now, a $200 trillion AI emergency could derail everything. Sam Altman – the man behind ChatGPT – admitted it’s crippling his entire business. Some experts even predict the company could go bankrupt. If you have any money invested in tech stocks right now… You need to see this new video that reveals the shocking truth about this $200 trillion AI emergency. [Watch it here before it gets removed.]( [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](