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Natural Gas Consolidating--Today Should Help in Determining Direction in Days Ahead 7/13/20


On a macro basis: The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum. We attained 893 tics so far. The decent failure back below 2267 has brought in 750 tics of pressure. The decent trade below 2172 (+1 tic per/hour) has brought in 655 tics of pressure. These are ON HOLD. The maintained gap higher on 7/6 left a medium-term bullish reversal below that warned of continued higher trade, likely for days/weeks. This is ON HOLD. Decent trade below 1738-36 will further negate this and warn of decent pressure, likely back down toward 1520 (-).


On a shorter-term basis: On 6/29 we left a short-term bullish reversal below that warned of decent short covering, possibly for days—we have seen 286 tics so far. The decent trade above 1676 (-1 tic per/hour) projected this upward 100 tics (+). We have seen 248 tics of this so far. The decent trade above 1717 (-.5 of a tic per/hour) projects this upward 90 tics minimum, 270 tics (+) maximum. We have attained 207 tics of this so far. These are all ON HOLD as well. Trade above 1835 should bring in renewed strength.


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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