On a macro basis: The decent failure back below 2267 has brought in 593 tics of pressure. This is ON HOLD.
On a shorter-term basis: The decent trade below 1854-51 warned of decent pressure. We have seen 174 tics of this. This is ON HOLD. The decent trade above 1759-60 has brought in 73 tics of the short covering warned about above so far. This will come in at 1765-64 today. The decent trade above 1788 (-.7 of a tic per/hour) should bring in continued strength; but if we break back below decently, look for decent pressure to come in. This will come in at 1771 (-.7 of a tic per/hour starting at 9:00am). Decent trade above 1889-94 should open up the upside more and a run for 1970 (+).
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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