On a higher timeframe basis: We held exhaustion above at $64,735-$66,145 with a $65,520 high, which I said could roll this into a correction exceeding $11,000—we have seen $36,720. This is ON HOLD.
On a lower timeframe basis: We held exhaustion below at $29,075-6,905 with a $28,800 low and bounced $24,325. This is ON HOLD. I warned of key possible exhaustion above at $53,275-390—we came just shy of this with a $53,125 high and rolled over $9,815.The break back below $50,460-55 brought in $7,145 the decent pressure warned about below, putting this in a bearish correction/trend against the move up from $29,220.The congestion prepped this for a push down, which was fueled by the decent break below $46,740 (+50 per/hour)—we saw $3,430 before short covering back above $44,175-3,705, which I said warned of short covering—we have seen $3,140. Decent trade above $46,655 (-10 tics per/hour starting at 11:00am) will project this upward $3,500(+); but if we break above here decently and back below decently, look for decent pressure to come in.
NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Natural Gas and Energy/Gold complex. 'Decent penetrations' are specific amounts provided to clients daily as well. If you are interested, please feel free to reach out.
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