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Natural Gas is Bearish 11/5/20

On a macro basis:The failure back below 3349-50has brought in 347 tics of pressure.The decent trade below 3184-82 projects this downward 180 tics minimum, 210 tics (+) maximum based off an ‘ok formed’ formation.We have attained 180 tics of this so far.If we break back above decently, look for decent short covering to come in.This will come in at 3190-91 today.Decent trade below 2922 will project this downward 470 tics but will require a 3041 stop.

On a shorter-term basis:The decent trade below 3301-299 has brought in 297 tics of pressure so far.The maintained gap lower Tuesday also warned of additional pressure, likely for days. On the day this warns of short covering before (if) resuming lower trade if we cannot take out 3002 to maintain downside momentum.

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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