On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 3805 tics of higher trade. I noted 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 3687 tics of this. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 3399 tics from 3067 so far. All the above are ON HOLD.
On a shorter-term basis: The trade below 5186 (+4 tics per/hour) brought in 1574 tics of the pressure warned about below so far. This is ON HOLD. The decent trade above 3857(-1 tic per/hour) warned of decent strength, likely for 500-600 tics (+).We have attained 1022 tics of this before rolling over. The near maintained gap higher on 1/10/22 left a significant bullish reversal below that also warned of higher trade for days/weeks—we saw 830 tics from the 1/10/22 close before rolling over. Decent trade below 4312 (+2.5 tics per/hour starting at 8:00am) should bring in decent pressure. Decent trade below 3980 will also further negate the macro bullish reversal below. Decent trade above 4768 (-1 tic per/hour starting at 8:00am) will project this upward 680 tics minimum, 1900 tics (+) maximum. Today has a good likelihood of seeing range expansion.
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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