On a macro basis: The trade back above 2393 warned of strength. We have seen 663 tics of this so far. The decent trade above 2703 (-.5 of a tic per/hour) projects this upward 150 tics minimum, 560 tics (+) maximum. We have attained 353 tics of this so far. The last hurdle to overcome on the upside comes in at 3088-95, trade above which opens up the market to run higher.
On a shorter-term basis: I warned that decent trade above 2468-71 should bring in decent strength—we have seen 585 tics of this so far. Decent trade below 2754-53 will warn of decent pressure and put the bull calls ON HOLD again. Decent trade above 3048 (+.5 of a tic per/hour starting at 9:00am) will project this upward 200 tics minimum, 495 tics (+) maximum based off an ‘ok formed’ formation; 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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