top of page

Natural Gas Poised for Strength Within Consolidation 10/19/20

Directional Opinion: We settled in a bull leg. Settlement below 2881 will start this in a bear leg. On a macro basis: The decent trade above 2614 (-.7 of a tic per/hour) projected this upward 125 tics minimum, 340 tics (+) maximum. We attained 341 tics of this before rolling over. We left a medium-term bullish reversal intact below on 10/9, that warned of higher trade, likely for days/weeks. We saw 211 tics from this. Decent trade below 2651 will negate the medium-term bullish reversal and should bring in renewed pressure toward 2415 (-).

On a shorter-term basis: The decent trade back above 2692 (+1 tic per/hour at 7:00am) currently is bringing in strength. A decent penetration back below below should bring in decent pressure. NOTE: it is exceedingly rare to see so many choppy contrary signals in such a tight space/timeframe, but when we come out of this may see an extended move.

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