Natural Gas is Bullish 8/15/22
On a macro basis: The trade above 2661 (-.5 of a tic per/hour) brought in 7003 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 6597 tics from 3067 so far. The trade above 3108-09 attained 6555 tics. On 2/15 we left a moderate bullish formation below that warned of higher trade for days—we saw 5092 tics from the 4572 close. The decent trade above 4962 (-1 tic per/hour) projects this upward 200 tics minimum, 740 tics (+) maximum—we rallied 4702 tics. The break above 5047 also projects this upward 1300 tics (+).We have attained 4617 tics. The decent trade above 5559 has brought in 3860 tics. All of the above are ON HOLD.
On a shorter-term basis: The break above 7550 has brought in 1444 tics of the strength warned about above. The decent trade above 7754 (-6 tics per/hour) has brought in 1240 tics of strength. The decent trade above 8715 (-7 tics per/hour) now warns of continued strength. Decent trade back below where this comes in at 8708 (-7 tics per/hour starting at 1:00pm) should bring in decent 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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