top of page

Natural Gas is Short-Term Bullish Within Macro Consolidation 1/29/21

Directional Opinion: We settled in a bull leg. Settlement below 2456 will start this in a bear leg. On a macro basis: The trade back above 2393 warned of strength. We have seen 442 tics of this so far. This is ON HOLD. We were in a bullish correction/trend against the move down from 3320 in October. This may now be complete. An area of exhaustion for the correction came in at 2837-49. We held this with a 2835 high and rolled over 402 tics. These are also ON HOLD. Decent trade above 2726-28 will project this upward 140 tics minimum, 610 tics (+) maximum based off an ‘ok formed’ pattern; but if we break above here decently and back below decently, look for decent pressure to come in.

On a shorter-term basis: I warned that decent trade above 2468-71 should bring in decent short covering—we have seen 269 tics of this so far. The decent trade above 2578-79 also warned of further strength. We have seen 161 tics of this so far.

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

bottom of page