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Natural Gas Bullish Unless we Fail Back Below Formation Below 9/24/20

On a macro basis:The decent trade above 2221-29 (-1 tic per/hour) projects this upward 500 tics (+), BUT since we did not reject from this initially on the way up, it makes the formation more suspect and likely to fail.Decent trade (see note below) back below where this comes in at 2221-13 (-1 tic per/hour starting at 9:00am) should bring in decent pressure and a possible run for the lows again.

On a shorter-term basis:I warned there was possible exhaustion above at 2706-741—we held this on 8/27 with a 2743 high and rolled over 948 tics.This is now ON HOLD.We are now in a correction or trend against that move down. Yesterday we also left a short- term bullish reversal below that warned of continued higher trade, possibly for days. The trade above 1926 brought in 394 tics of the moderate short covering warned about.The decent trade above 2037-38 has brought in 182 tics of further short covering. Areas of possible exhaustion to watch out for above (IF it is a correction), come in at 2381-99 and 2540.However, if we take out 2440-41 decently, this will increase the likelihood of a run for the 2740 (+) area, and likely violation of the upper exhaustion area.

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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