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Natural Gas is Bearish 3/12/21

On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 341 tics of this so far. Decent trade above 2753 (-.7 of a tic per/hour starting at 6:00pm) Sunday will project this upward 200 tics (+); but if we break above here decently and back below decently, look for decent pressure to come in—NOTE: this is an ‘ok formed’ formation, and could use an initial rejection from the line for added integrity.

On a shorter-term basis: The maintained gap lower last Thursday left a short-term bearish reversal above. We have seen 176 tics of pressure so far. The failure back below 2681-84 brought in 82 tics of the pressure warned about below.

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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