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Natural Gas is Projected Lower 6/9/22

On a macro basis: The trade above 2661 (-.5 of a tic per/hour) brought in 7003 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 6597 tics from 3067 so far. The trade above 3108-09 attained 6555 tics. All of the above are ON HOLD.

On a shorter-term basis: On 2/15 we left a moderate bullish formation below that warned of higher trade for days—we saw 5092 tics from the 4572 close. The break above 5047 also projects this upward 1300 tics (+). We have attained 4617 tics. The trade above 5918 (+1.5 tics per/hour) warned of decent strength. We have seen 3746 tics so far. The decent trade above 8434 (-2.5 tics per/hour) projects this upward 550 tics minimum, 1810 tics (+). We attained 1230 tics so far. All of the above are ON HOLD. The failure below 8682 (-3.5 tics per/hour) warned of decent pressure—we have seen 587 tics so far. This will come in at 8614 (-3.5 tics per/hour starting at 8:00am).The decent trade below 8785 (+5 tics per/hour projects this downward 900 tics (+).We have attained 690 tics so far. The decent trade below 8442 (+1.6 tics per/hour) also warns of decent pressure for 450 tics minimum, 1230 tics (+) maximum; but if we break back above here decently, look for decent short covering. This will come in at 8464 (+1.6 tics per/hour starting at 8:00am).

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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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