Natural Gas is Poised for Lower Trade Within Overall Bull Trend 8/11/21
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 maintained gap lower Monday left a short-term bearish reversal above. This is OFF HOLD. Decent trade back above 4098 will negate this and should bring in additional strength. The decent trade back above 4066 (+1.1 tics per/hour) failed to bring in short covering—we just took out the stop which now should bring in renewed pressure again.
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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