NATURAL GAS STILL BEARISH 5/11/20
The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum. We attained 889 tics so far. The decent failure back below 2094-97 has brought in 277 tics of the decent pressure warned about below. The decent break back below 2018-14 has brought in 203 tics of the pressure we are looking for below. The decent trade below 1966 (+1 tic per/hour) projects this downward 150 tics minimum, 215 tics (+) maximum. We have attained 155 tics so far. Decent trade below 1843 (+.3 of a tic per/hour starting at 9:00am) will project this downward 350 tics (+) based off a well-formed formation; but if we break below here decently and back above--get long.
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.