Natural Gas Projected Higher 2/1/21
On a macro basis: The trade back above 2393 warned of strength. We have seen 442 tics of this so far. This is OFF HOLD. We were in a bullish correction/trend against the move down from 3320 in October. We held an area of exhaustion for the correction at 2837-49 with a 2835 high and rolled over 402 tics. This is ON HOLD. The decent trade above 2703 (-.5 of a tic per/hour) projects this upward 150 tics minimum, 610 tics (+) maximum; but if we break back below decently, look for decent pressure to come in.
On a shorter-term basis: I warned that decent trade above 2468-71 should bring in decent short covering—we have seen 279 tics of this so far. We are called 176 tics higher as of 6:17am.
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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