On a macro basis: We are now either in a bull trend or correction against the move down from 3082.If a correction, the last area of possible exhaustion comes in at2958-62.
On a shorter-term basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 292 tics so far. The trade above 2896 (+.5 of a tic per/hour) brought in 53 tics of the continued strength we are looking for above. Trade back below 2860 should bring in pressure. Decent trade below 2809 (+.7 of a tic per/hour starting at 9:00am) will project this downward 150 tics (+); but 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.
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