NATURAL GAS for 4/8/20
The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum.We attained 889 tics so far, but this is on hold. The decent break back above 1643-47 warned of short covering—we have seen 271 tics of this so far.The maintained gap higher yesterday also left a medium-term bullish reversal below that warns of continued higher trade, likely for days/weeks.A decent break back below 1740 will negate this and warn of lower trade.The decent trade above 1782 projects this upward 260 tics (+), but can withstand 66 tics of violation and remain valid.We have seen 136 tics of this so far. 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. If you are interested, please feel free to reach out.