Natural Gas is Bullish 6/23/21
On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 708 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—we have seen 590 tics of this, taking out 3280.
On a shorter-term basis: We held exhaustion at 2910-894 with a 2914 low and rallied for 455 tics. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 260 tics of this. Decent trade above 3291 (+ 1 tic per/hour starting at 9:00am) should bring in additional strength. Today has a good likelihood of seeing range expansion.
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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