(CLOSED) SHORT TERM NEUTRAL/BEARISH, LONG TERM BULLISH VIEW ON NATURAL GAS

We closed our short-term Neutral/Bearish, long term Bullish forecast at  $3.72 mmBtu as of December 27, 2016, from $2.66 mmBtu as of March 2, 2015. We were largely correct on the direction of the prediction as the price of Natural Gas dipped to $1.60 mmBtu in March 2016 and has more than doubled since then. Currently, we think the price has peaked and the current bull market might be running to a stall, but we don’t think Natural Gas is returning back to the bottom that it has previously made at the beginning of this year. Should we form a view again on Natural Gas, we will re-initiate another piece to detail our thoughts.

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