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Natural Gas Bullish but Needs to See Strength Here 1/14/21

On a macro basis:We are in a bullish correction/trend against the move down from 3452 in October.The decent trade above 2775 projects this upward another 510 tics (+) but requires a 2647 stop.Areas of possible exhaustion come in at 2857-902, 2998,and 3198. We held the lower of these with a 2899 high and rolled over 191 tics (although I did not suggest shorting against here).

On a shorter-term basis:The trade back above 2389-406 warned of strength.We have seen 493 tics of this so far.We held exhaustion on a bearish correction against the move up warned about at 2586-62 with a 2589 low and have rallied 291 tics.The decent trade above 2710 (-.8 of a tic per/hour) projects this upward 130 tics (+).We have attained 189 tics before rolling over. We may now be in a new structure, but this needs to see strength here to back up that argument as the rejection from the macro exhaustion above was not confirming. Decent failure back below 2657 (-.8 of a tic per/hour starting at 9:00am EST) should bring in renewed pressure.Trade above 2814-26 should bring in renewed strength.Decent trade above 2920 (+.5 of a tic per/hour starting at 9:00am EST) will project this upward 200 tics minimum, 525 tics (+) maximum.

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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