Natural Gas for 1/29/20
The decent trade below 2125 projected this downward 90 tics (+). We have seen 299 tics of this so far. Decent trade above the 2013 line will warn of decent short covering. Today has a good likelihood of being a range expansion day. Decent trade below 1877-78 will warn of decent pressure again, but this is based off an ‘ok formed’ pattern. If we break below here decently and back above decently, look for decent short covering to come in. NOTE: this is just a small portion of the market calls I make across the energy spectrum to my clients twice daily. If you are interested, please feel free to reach out.