Natural Gas is Poised for Pressure. 2/22/21
On a macro basis: The trade back above 2393 warned of strength. We have seen 923 tics of this so far. The decent trade above 2703 (-.5 of a tic per/hour) projects this upward 150 tics minimum, 510 tics (+) maximum. We have attained 613 tics of this so far. These are ON HOLD.
On a shorter-term basis: I warned decent trade above 2468-71 should bring in decent strength—we have seen 844 tics of this so far. This is ON HOLD. The decent trade below 2971 (-.3 of a tic per/hour ) should bring in decent pressure. Decent trade below 2935 (+1 tic per/hour starting at 9:00am) will project this downward 450 tics (+); but if we break below here decently and back above decently, look for decent short covering to come in. 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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