Search

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.

Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor