NATURAL GAS IN BULLISH PROJECTION 10/12/20
On a macro basis: We left a medium-term bullish reversal intact below, that warns of higher trade, likely for days/weeks. Decent trade below 2651 will negate this and should bring in renewed pressure toward 2415 (-).
On a shorter-term basis: The decent trade above 2614 (-.7 of a tic per/hour) projects this upward 125 tics minimum, 355 tics (+) maximum. We have seen 341 tics of this so far. The decent break above 2706 also warned of a run toward 2925 (+)—we have seen 249 tics of this, taking out 2925. We did not see any follow-through profit taking Sunday before resuming higher trade. We are called 162 tics higher as of 6:00am. We may see some profit taking here before continuing higher as a result of breaking above and back below 2917-28.
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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