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Natural Gas is Bullish 4/19/21

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. These are ON HOLD. The break below 2459 and back above it and the 2488 area brought in an entry into a bullish correction/trend projected greater than 200 tics from the low. We have seen 283 tics so far, and 245 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 156 tics of this so far. Decent trade below 2624 (+.8 of a tic per/hour starting at 9:00am) will project this downward 120 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 2756, 2796-828, and 2928-30; however, the timeframe for one of these to hold more than temporarily (if this is a correction and not a trend) is not until 4/23.Taking out 2700 is a sign of strength coming out of the gate.

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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