On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 1393 tics of higher trade.
On a short term basis: The decent trade above 3712 (-.5 of a tic per/hour) warned of renewed strength. We have attained 342 tics of this so far. There are areas of possible extension exhaustion above at 4272-311 and higher to contend with on the way up—but this may also be in the middle of a new bull structure (which it looks more like).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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