NATURAL GAS PRICE for 5/1/20
On a macro basis:The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum.We attained 889 tics so far.This is ON HOLD. Decent trade above 2097 will project this upward 330 minimum, 450 (+) maximum based off a well-formed formation; but if we break above here decently and back below decently, look for decent pressure to come in.
On a shorter-term basis:Decent trade above 1936 (-1 tic per/hour starting at 9:00am) will project this upward 135 tics minimum, 250 tics (+) maximum. Decent trade below 1794 (+.3 of a tic per/hour starting at 8:20am) will project this downward 240 tics minimum, 365 tics (+) maximum based off a well-formed formation; 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. If you are interested, please feel free to reach out.