NATURAL GAS PRICE for 5/4/20
On a macro basis:The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum.We attained 889 tics so far.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: We are called 63 tics higher as of 6:04am. Decent trade below 1897 (+1 tic per/hour starting at 9:00am) will project this downward 100 tics minimum, 310 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. If you are interested, please feel free to reach out.