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Natural Gas Bullish but Holding Exhaustion Above 8/28/20


On a macro basis:The decent trade above 2058 projects this upward 140 tics minimum, 380 tics (+) maximum.We have attained 685 tics of this.The solid penetration above 2588 projects this upward 885 tics (+) but requires a 2365 stop.We have seen 155 tics of this so far.


On a shorter-term basis:The decent trade above 1815 brought in 928 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 2706-741, 2880-937 and higher. There is a line coming in the midst of this at 2728 (+.6 of a tic per/hour starting at 9:00am), a decent break above which should bring in continued higher trade; but if we break above here decently and back below decently, look for decent pressure to come in, likely for 200 tics or so.Failure back below 2658-45 will warn of renewed pressure again.Decent trade below 2564 (+1 tic per/hour starting at 9:00am) will project this downward 190 tics (+).


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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