Natural Gas is Bullish 6/28/21
On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 902 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—we have seen 784 tics of this, taking out 3280.The trade above 2896 (+.5 of a tic per/hour) brought in 668 tics of the continued strength we were looking for above. We left a medium-term bullish reversal below on 6/1 that warns of renewed strength for days/weeks. We have seen 498 tics so far. We are likely to see much higher trade in the weeks ahead in general—that said, we will have to contend with possible lower timeframe exhaustion levels on the way up at 3722-44 and higher.
On a shorter-term basis: We held exhaustion at 2910-894 with a 2914 low and rallied for 649 tics. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 454 tics of this. The decent trade above 3304 (+1 tic per/hour) brought in 282 tics of strength.
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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