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Natural Gas is Bullish 1/28/22

On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 3805 tics of higher trade. I noted 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—we have seen 3687 tics of this. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 3399 tics from 3067 so far. All the above are ON HOLD.

On a shorter-term basis: The trade below 5186 (+4 tics per/hour) brought in 1574 tics of the pressure warned about below so far. This is ON HOLD. Wednesday, we left a minor bullish reversal below, we have traded 298 tics higher from 4165 when this was taken off hold. We may be entering into a bullish correction/trend against the move down from 6132. If this is a correction, areas of exhaustion are not scheduled to hold more than temporarily until February 1st.That said, I would also caution that the price action from the beginning of December through now could be considered a base, and this would be an ideal setup for a trend higher. Overnight price action has this coming in strong out of the gate. A maintained gap higher will leave a major bullish reversal below that will likely bring in higher trade for 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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