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Natural Gas is Bearish 8/13/21

On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 1544 tics of higher trade. The decent trade above 4012 (-1 tic per/hour) projects this upward 85 tics minimum 500 tics (+) maximum. We have attained 193 tics of this so far. These are ON HOLD.

On a shorter-term basis: The maintained gap lower Monday left a short-term bearish reversal above. Taking out the stop below 4093 (+1.1 tics per/hour) at 4050 brought in 175 tics of the pressure warned about. Decent trade above 4007 (+.6 of a tic per/hour starting at 9:00am) should bring in renewed strength. A maintained gap lower will leave a medium-term bearish reversal above that will warn of continued pressure, likely for days/weeks.

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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