Natural Gas is in a Lower Timeframe Bullish Correction or Trend Against Move Down from Highs 8/23/21
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. 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. These are ON HOLD.
On a shorter-term basis: On 8/9 we left a short-term bearish reversal above. Taking out the stop below 4093 (+1.1 tics per/hour) at 4050 brought in 316 tics of the pressure warned about. However, we basically held exhaustion at 3771-48 with a 3734 low and bounced into what may now be a lower time frame bullish correction against the move down. We may see some choppy consolidation here for a few day as/if this bullish correction plays out more.
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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