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Natural Gas is Bullish, but Seeing Pressure on the Day 4/28/22

On a macro basis: The trade above 2661 (-.5 of a tic per/hour) brought in 5404 tics of higher trade. The trade above 3304 brought in 4761 tics of strength. These are all OFF HOLD.

On a shorter-term basis: The break above 5047 also projects this upward 1300 tics (+). We have attained 3018 tics. The trade above 5918 (+1.5 tics per/hour) warned of decent strength. We have seen 2147 tics so far. These are all OFF HOLD. I noted on 4/18 this warned of pressure and on 4/19 that we further left a minor bearish reversal above-- we have come off 1487 tics. This is ON HOLD. The maintained gap higher Tuesday warns of higher trade—we have seen 546 tics so far. Decent trade below 6809 (+3 tics per/hour starting at 1:00pm) will project this downward 780 tics minimum, 1800 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering.

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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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