Nov 22, 2021 Natural Gas Update Larry Williams HENRY HUB NATURAL GAS FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) NYMEX:NG1! HEIKOTradingSystem So with hindsight being 20/20, I obviously should have sold everything at the close on Friday. Anyway........... I always try to learn my lessons for future. The big boys took profits after hours on the weekend and NG opened last night down about 170 points (SUCKS) and it looks like everyone is focused on the long term forecast 10-15 days out which is calling for milder than normal temps for this time of year. Hence, the price action is falling. My stop loss for my trades are pretty wide as my account can handle some short term loss - please be careful and trade properly according to your account size and risk tolerance. Crazy times ahead, that's for sure. As you can see, the price action on the Linear Regression on the 4 hour chart is between 4.700 - 5.200. Price action will hopefully bounce off the bottom somewhere between 4.600 and 4.650. Price action has been in a sideways pattern since Nov 10 as you can see, hitting both the top and bottom of the Linear Regression several times. Moving forward, upward price action is limited due to abnormally warm weather conditions around the U.S. and the world. Considering how high European and Asian NG is currently, weather might already be priced in so price action might just go sideways for a while and then start to drop as the weather gets warmer after winter and NG demand drops. I will wait for price action to bounce back up so I can get out of my trades with a small profit, then reasess for future trades. If price action continues this week to drop then my stops will hit and I will take a loss. Lastly, remember that the monthly Natural Gas Contract comes to an end on Friday (I think) - with Thanksgiving markets are closed on Thursday and limited hours for Friday so keep all this in mind as you look at your trades. Have a great week - for all my fans from the U.S. Happy Thanksgiving, eat some for me!! :-) HEIKO