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Natural Gas 8/25/20


On a macro basis: The decent trade above 2058 projects this upward 140 tics minimum, 380 tics (+) maximum. We have attained 600 tics of this. The solid penetration above 2588 projects this upward 885 tics (+) but requires a 2365 stop, but please read note under short term basis below.


On a shorter-term basis: The decent trade above 1815 brought in 843 tics of strength above. We are likely in the later stages of a bull structure within a larger bull structure, and I would be wary of possible exhaustion levels above at 2645 and 2706-741, either of which could bring in a lower timeframe bearish correction against the move up from 1768 before (if) resuming a new bull structure. We basically held the lower of these with a 2658 high and started to roll over. A close back below 2573 will also warn of a termination of this bull structure and continuance of a bearish correction. A correction could still be within the macro stop mentioned above.


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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