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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.

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