Natural Gas is Projected Higher, but Trade Below 3005 Should Bring in Short Term Pressure 2/5/21
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, 570 tics (+) maximum.We have attained 353 tics of this so far.The last hurdle to overcome on the upside comes in at 3088-95, trade above which opens up the market to run higher.
On a shorter-term basis:I warned that decent trade above 2468-71 should bring in decent strength—we have seen 585 tics of this so far.Decent trade below 2759-57 will warn of decent pressure and put the bull calls ON HOLD 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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