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Natural Gas in Likely Bullish Correction Against Bearish Move Down 3/19/21


On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 518 tics of this so far. The maintained gap lower on 3/4/21 left a minor bearish reversal above. We have seen 353 tics of pressure so far. The failure back below 2681-84 brought in 259 tics of the pressure warned about below.


On a shorter-term basis: We held the 2424-390 exhaustion area with a 2422 low and rallied 114 tics so far. Lower levels come in at 2336-300 and lower. The break below 2479-78 and back above also warns the bear structure may be complete and we may be in the early stage of a bullish correction/trend (which could see some wide swings on the way up). Decent trade above 2534 (-.4 of a tic per/hour starting at 6:00pm) Sunday should bring in continued strength. Trade below 2424-390 will open up a probe for the lower exhaustion levels.


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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