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Natural Gas is Bullish in General, but a Gap Lower Will Leave a Minor Bearish Reversal Above 8/9/21

On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 1544 tics of higher trade.

On a shorter-term basis: The negated bearish reversal warned of renewed strength—we have seen 236 tics from 3969. The decent trade above 4012 (-1 tic per/hour) projects this upward 85 tics minimum 500 tics (+) maximum. We have attained 193 tics of this so far. We held possible exhaustion at 4199 with a 4205 high and rolled over before rallying and rejecting off of it again. Trade below 4098-97 will warn of pressure; but if we break below here and back above, look for short covering. Decent trade below 4038 (+1.1 tics per/hour starting at 9:00am) will project this downward 250 tics minimum, 410 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in. A maintained gap lower will leave a short-term bearish reversal above. Decent trade above 4175 (-.5 of a tic per/hour starting at 9:00am) should bring in decent 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.

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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