I’m Sticking With This “Widow Maker” Trade

The typical summertime rally in natural gas didn’t happen this year. [Jeff Clark's Market Minute]( I’m Sticking With This “Widow Maker” Trade By Jeff Clark, editor, Market Minute The typical summertime rally in natural gas didn’t happen this year. Natural gas closed at $2.27 on Wednesday. That’s the same price at which it was trading in mid-May. So, many of my trader friends are moving on. They’re pulling their money out of the “widow maker” trade and heading off to other sectors that have a stronger tendency to rally in the final months of the year. But, not me. I’m sticking with natural gas – because the setup looks quite bullish. Recommended Link [Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock…]( [image]( 31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace… But why? Wall Street legend Eric Fry says it’s because, soon: [“America’s most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more… are set to come plummeting back to Earth.”]( Erasing YEARS of investor profits… Sparking a $17 trillion PANIC on Wall Street… [Click here to get the details of what is being called: The 2024 Tech Panic.]( [Click here for details.]( -- Regular readers may recall, [I bought natural gas in mid-July]( – noting that it’s called the “widow maker” because the price action is erratic and doesn’t seem to conform to any rules of fundamental or technical analysis. Natural gas is trading about 10% higher from where I bought it – which is a respectable gain for less than two months. But, it looks to me like it’s headed much higher. Take a look at this chart… [chart] [(Click here to expand image)]( Natural gas has been quietly rallying over the past few weeks. It is now trading above all of its various moving averages (the squiggly, multicolored lines on the chart). And, those moving averages are now coiled together – which should provide the energy to fuel a large move in one direction or the other over the next few weeks. The chart itself has morphed into an ascending triangle formation. This is a bullish pattern that develops as an asset makes a series of higher lows while rallying and bumping into the same resistance level multiple times. Eventually, that resistance breaks and the asset moves higher. 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 that happens with natural gas, then the minimum target for this pattern is near $2.60. That would be better than a 10% gain from the current price. And, since the chart is approaching the apex of the ascending triangle, that rally should start soon. Nothing is guaranteed, of course. We’re talking about natural gas – which has earned its reputation as the widow maker. But, this setup looks bullish to me, so I’m sticking with the trade. Best regards and good trading, [Signature] Jeff Clark Editor, Market Minute P.S. There are a lot of setups coming together, especially in an election year. You can get access to more of them [right here](. [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). © 2024 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](