in association with

Market Bulletin 15th April 2010

Natural Gas Support Holding – Recovery Scope?

The initial recovery in NYMEX Natural Gas from a 2009 low point came to a halt early this
year, on the continuation chart. Subsequent pullback has now encountered interesting
support, offering the chance for recovery, but bulls still await the required signals.

The Commodity Specialist view

DAILY CHART -
CONTINUATION:

On the Continuation chart a

significant low point was seen
in Sep-09 (though not
apparent on the front month
charts).

It produced a Key Reversal

Month, and heralded initial
recovery.

This year’s pullback has now

found clear support from the
61.8% retracement – now see
the Daily May-10 chart.

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This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources
believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or
accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or
held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were
considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees,
other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest,
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 in association with

DAILY CHART – MAY-10:

In the Commodity Specialist

Guide we will shortly be
switching to the Jun-10 contract,
but we stick with May here.

S/term support has emerged

from around the 3.850 1.618
swing projection (off prior
Dec/Jan rally), close to 61.8%
support on the Continuation
chart.

At this stage a recovery through

the falling return line, i.e. a close
above the recent 4.3340 high
and coinciding 23.6% level,
would sideline the bears s/term,
and signal a recovery attempt
underway.

There could well be an initial

struggle to clear resistance
offered by the 4.656 03-Dec low, where the 38.2% level resides too, but there could be later scope for a push
higher towards the next key overhead level around the 5.110 28-Jan low, where 61.8% and a Fibo projection
(not shown) are also present. Meanwhile we must await the signal.

Philip Allwright
Mark Sturdy
Seven Days Ahead

SEVEN DAYS AHEAD Professional trading guides and recommendations for the World's markets

Authorised and Regulated by the FSA 124 REGENTS PARK ROADLONDON NW18XL TEL +44 (0) 7849 933573
E-MAIL MSTURDY@SEVENDAYSAHEAD.COM WWW.SEVENDAYSAHEAD.COM
This information memorandum has been prepared solely for informational purposes for customers of Seven Days Ahead and is based on publicly available information from sources
believed to be reliable. It is not an offer, recommendation or solicitation to buy or sell, nor is it an official confirmation of terms. No representation is made as to the completeness or
accuracy of any statements or forecasts contained herein and no responsibility or liability is accepted for losses arising from transactions undertaken or investments purchased, sold or
held on its recommendation. Consequently, any persons acting on information contained herein do so entirely at their own risk. Although the opinions contained herein were
considered valid at the time of release, financial markets are subject to rapid and unexpected movements. Seven Days Ahead, its associated companies, their directors, employees,
other customers or connected persons may from time to time undertake transactions or deal in investments mentioned in this information memorandum or have a material interest,
relationship or arrangement in relation to them.