top of page

Natural Gas Projected Lower, Unless we Break Back Above Formation

On a macro basis: We were in a bullish correction against the move down from 3002. We held the last area of exhaustion at 2916 with a 2928 high and have rolled over 457 tics into a new bear structure.

On a shorter-term basis: The decent trade below 2652 brought in 181 tics of the continued pressure warned about. The maintained gap lower also left a lower timeframe bearish reversal above that warns of continued pressure, likely for days. The decent trade below 2549-43 now projects this downward 400 tics minimum, 550 tics (+) maximum; but if we break back above decently, look for decent short covering to come in, and a likely run for 2925 (+). This will come in at 2547-50 today.

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

bottom of page