On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 1304 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 1186 tics of this.
On a shorter-term basis: The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 856 tics of this. The decent trade above 3304 (+1 tic per/hour) brought in 684 tics of strength. The decent trade above 3712 (-.5 of a tic per/hour) warned of renewed strength. We have attained 253 tics of this so far. There are areas of possible extension exhaustion above at 3985-4009, 4272-311 and higher to contend with on the way up—but this may also be in the middle of a new bull structure. Trade below 3822-11 will warn of renewed pressure.
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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