top of page

Natural Gas in Bearish Correction Within Move Upward 4/26/21

On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 524 tics of this so far. This is ON HOLD and rolls into the June (M) contract. The decent trade above 2661 (-.5 of a tic per/hour) put this above the equivalent formation in (M) to that in the (K) and brought in 199 tics so far. This is ON HOLD as well.

On a shorter-term basis: We held exhaustion at 2848-56 with a 2860 high and have rolled over into a bearish correction, seeing 72 tics so far.This should exceed 95 tics. Decent trade above 2882 (+.5 of a tic per/hour starting at 9:00am) will warn of continued strength. Today has a good likelihood of seeing range expansion.

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

bottom of page