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Natural Gas Poised for Pressure 2/24/21


On a macro basis:The decent trade below 2940-48 (+1 tic per/hour) warns of pressure. We have seen 125 tics of this so far.Decent trade back above where this comes in at 2987-98 (+1 tic per/hour starting at 9:00am) should bring in decent renewed strength.Decent trade above 3067 (+.4 of a tic per/hour starting at 9:00am) will project this upward 185 tics (+).


On a shorter-term basis:We are called 26 tics lower—a sign of weakness coming out of the gate given recent structure.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.

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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