On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 243 tics of this so far.
On a shorter-term basis: There are areas of possible exhaustion to contend with on the way down at 2708-2684, 2617-595, and 2475-69. A maintained gap higher should bring in 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.
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