Natural Gas for 1/30/20
The decent trade below 2125 projected this downward 90 tics (+). We have seen 299 tics of this so far. Decent trade above the 2009 line will warn of decent short covering. The decent trade below 1882 (+.3 of a tic per/hour) warns of decent pressure again, but this is based off an ‘ok formed’ pattern. If we break back above decently, look for decent short covering to come in. This will come in at 1884 (+.3 of a tic per/hour starting at 9:00am). NOTE: this is only a small portion of the market calls I provide in the energies to my clients twice daily, if you are interested, please feel free to reach out.