On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 259 tics of this so far.
On a shorter-term basis: The maintained gap lower Thursday left a short-term bearish reversal above. We have seen 94 tics of pressure so far. Decent trade above 2810 will negate this and warn of renewed strength. Areas of possible exhaustion for the move down come in at 2595-80, 2524, and lower.
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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