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Natural Gas Held Exhaustion Within Consolidation, Still Likely has Upside 9/1/22

On a macro basis: The trade above 2661 (-.5 of a tic per/hour) brought in 7003 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 6597 tics from 3067 so far. The trade above 3108-09 attained 6555 tics. On 2/15 we left a moderate bullish formation below that warned of higher trade for days—we saw 5092 tics from the 4572 close. The decent trade above 4962 (-1 tic per/hour) projects this upward 200 tics minimum, 740 tics (+) maximum—we rallied 4702 tics. The break above 5047 also projects this upward 1300 tics (+).We have attained 4617 tics. The decent trade above 5559 has brought in 3860 tics. All of the above are ON HOLD.

On a shorter-term basis: The break above 7550 brought in 2460 tics of the strength warned about above. The decent trade above 7754 (-6 tics per/hour) brought in 2276 tics of strength. The trade above 8715 (-7 tics per/hour) warned of strength--we have attained 1315 tics. These rolled into the (V). I would be aware of areas of possible lower time frame exhaustion below at 8835-761, 8595-472, and 8148-061 that we will have to contend with on the way down—we held the upper of these with an 8814 low and have rallied 470 tics. Decent trade above 9175 (-5 tics per/hour starting at 8:00am) should bring in decent strength; but if we break above here decently and back below decently, look for decent pressure.

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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