NATURAL GAS PRICE for 4/20/20
On a macro basis: A solid penetration above 1813 will put this above an ‘ok formed’ macro formation that has been forming since December, and will project this upward 285 tics minimum, 380 tics (+) maximum.If we break above here solidly and back below solidly, look for solid pressure to come in. On a short-term basis: We have seen 121 tics of strength from Thursday’s close as that bullishness was extended on Friday’s close with a short term bullish reversal below, with a likely run toward 1915 (+). Decent trade below 1693 will negate the bullish reversal below and should bring in renewed pressure toward 1555 (-).
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. If you are interested, please feel free to reach out.