Natural Gas in Consolidation Within Higher Projection 8/11/20
On a macro basis: The decent trade above 1919 projects this upward 140 tics minimum, 390 tics (+) maximum. We have attained 376 tics of this. If we break back below decently, look for decent pressure to come in—this will come in at 1898-896 today.
On a shorter-term basis: The decent trade above 1748 brought in 547 tics of strength above. I warned the trade below 2136-40 and back above at the end of the day warned of short covering—we have seen 45 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. '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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