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Natural Gas Poised for Pressure Within Upward Consolidation 2/17/21


Directional Opinion: We settled in a bull leg, but I would override this for now. Settlement below 2835 will start this in a bear leg. On a macro basis: The trade back above 2393 warned of strength. We have seen 821 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 510 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 742 tics of this so far. This is ON HOLD. The decent trade back below 3115 (+.5 of a tic per/hour) warns of renewed pressure. This will come in at 3125 (+.5 of a tic per/hour starting at 9:00am). Decent trade back above will take bull calls OFF HOLD. Decent trade below 2995-83 should bring in decent pressure. Decent trade below 2861 (+1 tic per/hour starting at 9:00am) will project this downward 245 tics minimum, 390 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in.


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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