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.
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