top of page

Natural Gas is Bearish Within Bull Trend 6/7/21

On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 489 tics of higher trade. I would NOTE the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general, likely toward 3280 (+) in the weeks ahead. The trade above 2896 (+.5 of a tic per/hour) brought in 254 tics of the continued strength we were looking for above. We left a medium-term bullish reversal below on 6/1 that warns of renewed strength for days/weeks. Decent trade below 3036 will negate this and should bring in decent pressure. These are ON HOLD. Solid trade above 3233-56 will project this upward 780 tics minimum, 1900 tics (+) maximum.

On a shorter-term basis: We held exhaustion at 2910-894 with a 2914 low and rallied for 236 tics. This is ON HOLD. The decent trade below 3072 (-1 tic per/hour ) should bring in decent pressure based off an ‘ok formed’ formation, so you may use less volume. Decent trade below 2952-45 will project this downward 220 tics minimum, 300 tics (+) maximum. If we break below here decently and back above decently, look for decent short covering 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

bottom of page