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.
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