Search

Natural Gas is Bearish 4/5/21


On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 518 tics of this so far. The maintained gap lower on 3/4/21 left a minor bearish reversal above. We have seen 353 tics of pressure so far. The failure back below 2681-84 brought in 259 tics of the pressure warned about below. These are OFF HOLD. We are approaching a major formation below--decent trade below 2478-76 will project this downward 210 tics minimum, 690 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in--likely for 200 tics (+).


On a shorter-term basis: We held exhaustion below with a 2459 low and rallied 229 tics into a bullish correction/trend. This is ON HOLD. We held exhaustion at 2687-95 with a 2688 high and rolled over 200 tics. The decent trade back below 2651-49 brought in 161 tics of pressure. The decent trade below 2604 (+.5 of a tic per/hour) now projects this downward 70 tics minimum, 125 tics (+) maximum. We have attained 116 tics of this so far. If we break back above where this comes in at 2611 (+.5 of a tic per/hour starting at 6:00pm) decently, look for decent strength to come in. Decent trade above 2643 (-.5 of a tic per/hour starting at 6:00pm) will project this upward 140 tics minimum, 320 tics (+) maximum; but if we break above here decently and back above decently, look for decent pressure to come in.


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

Contact Info

Quick Links

Moor Analytics

461 BroadMoor Drive

Maryville, TN, 37801

  • Facebook
  • Instagram
  • Twitter
  • LinkedIn
© 2019 Moor Analytics. Created by