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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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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