Natural Gas is Overall Bullish Despite Trading Lower 6/15/21
On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 708 tics of higher trade. I would NOTE 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, likely toward 3280 (+) in the weeks ahead—we have seen 590 tics of this, taking out 3280. We left a medium-term bullish reversal below on 6/1 that warns of renewed strength for days/weeks. We have seen 302 tics so far. The solid trade above 3228-54 projects this upward 780 tics minimum, 1900 tics (+) maximum. Trade back below where this comes in at 3252 by 110 tics will warn of solid pressure.
On a shorter-term basis: We held exhaustion at 2910-894 with a 2914 low and rallied for 455 tics. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 260 tics of this. Decent trade below 3158 (+.8 of a tic per/hour starting at 9:00am) will project this downward 200 tics minimum, 180 tics (+) maximum.
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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