Natural Gas Projected higher 8/3/20
On a macro basis:The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum.We attained 893 tics so far, rolled into (U).The decent failure back below 2267 has brought in 750 tics of pressure, rolled into (U).These are ON HOLD.
On a shorter-term basis:The decent trade above 1748 brought in 189 tics of strength above. We were in a bearish correction with trade back below 1864 bringing in 83 tics of pressure, but I cautioned there was an area of possible exhaustion to contend with at 1791-88.We basically held this with a 1781 low and rallied 141 tics. We are called 105 tics higher as of 6:18am. Decent trade above 1919 will project this upward 140 tics minimum, 400 tics (+) maximum; but if we break above here decently and back below decently, look for decent pressure 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. '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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