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Natural Gas is Bullish 4/15-4/16/21


On a macro basis: The decent trade below 2940-48 (+1 tic per/hour) warned of pressure. We have seen 524 tics of this so far. The maintained gap lower on 3/4/21 left a minor bearish reversal above. We have seen 359 tics of pressure so far. We held corrective exhaustion at 2687-95 with a 2688 high and rolled over 235 tics. These are ON HOLD. The break below 2459 and back above it and the 2488 area brought in an early termination of the bear structure and entry into a bullish correction projected greater than 200 tics from the low. We have seen 235 tics so far, and 197 tics from 2488.


On a shorter-term basis: The decent trade above 2577 (-.5 of a tic per/hour) warned of decent strength. We have attained 108 tics of this so far. Decent trade below 2592 (+.8 of a tic per/hour starting at 6:00pm) will project this downward 100 tics (+); but if we break below here decently and back above decently, look for decent renewed strength to come in. I would caution there are areas of possible corrective exhaustion to contend with above at 2681-85, 2756-75, and higher. We held the lower of these today with a 2685 high and rolled over 29 tics.


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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