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Natural Gas is Bearish 12/10/21

On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 3805 tics of higher trade. I noted the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general—we have seen 3687 tics of this. The above are ON HOLD.

On a shorter-term basis: The decent trade below 5186 (+4 tics per/hour) has brought in 1556 tics of the pressure warned about below so far. The decent break below 4833 (-2.8 tics per/hour) warned of further pressure—we have seen 1102 tics of this so far. The maintained gap lower on 11/29 left a minor bearish reversal above. I would NOTE: the last major area of possible exhaustion to contend with on the way down comes in at 3444-273 (if this is a bearish correction and not a trend—but may be the later), but this will likely offer only temporary support at this time. A maintained gap higher will leave a minor bullish reversal below. Decent trade below 3783 (+.7 of a tic per/hour starting at 9:00am) should bring in decent pressure; but if we break below here decently and back above decently, look for decent short covering.

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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