NATURAL GAS PROJECTED HIGHER
On a macro basis:The solid penetration above 1808 put this above an ‘ok formed’ macro formation that has been forming since December, and projects this upward 285 tics minimum, 380 tics (+) maximum.We attained 166 tics of this so far before rolling over.If we break back below solidly, look for solid pressure to come in (likely back down toward 1525 (-).Decent trade above 1920 will project this upward another 145 tics minimum, 450 tics (+) maximum.
On a shorter-term basis:We have seen 288 tics of strength from the 2/16 close.The decent trade back above 1698-701 left a bullish reversal below and warned of a run for 1918 (+)—we have seen 273 tics of this, taking out 1918.
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.