NATURAL GAS PROJECTED LOWER, UNLESS WE TAKE OUT FORMATION ABOVE for 5/7/20
The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum. We attained 889 tics so far. This is now OFF HOLD. The decent failure back below 2094-97 has brought in 180 tics of the decent pressure warned about below. The decent break back below 2018-14 has brought in 100 tics of the pressure we are looking for below. The decent trade below 1966 (+1 tic per/hour) projects this downward 240 tics minimum, 310 tics (+) maximum; but if we break back above decently, look for decent short covering to come in. This will come in at 1976 (+1 tic per/hour starting at 9:00am). Decent trade below 1824 (+.3 of a tic per/hour starting at 9:00am) will project this downward 350 (+) based off a well-formed formation.
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.