Natural Gas is in Consolidation Between Formations 2/10/21
On a macro basis: The trade back above 2393 warned of strength. We have seen 663 tics of this so far. The decent trade above 2703 (-.5 of a tic per/hour) projects this upward 150 tics minimum, 530 tics (+) maximum. We have attained 353 tics of this so far. This will come in at 2630 (-.5 of a tic per/hour starting at 9:00am). These are ON HOLD.
On a shorter-term basis: I warned decent trade above 2468-71 should bring in decent strength—we have seen 585 tics of this so far. This is ON HOLD. We broke below a steep line at 2934 (+2.5 tics per/hour) which has been bringing in pressure. Decent trade below 2747 should bring in decent pressure. We are currently seeing some of the strength warned about within this with the break above 2844-51.
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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