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Natural Gas Still Bearish Unless we Trade 3041. 11/11/20

On a macro basis: The failure back below 3349-50 has brought in 528 tics of pressure. The decent trade below 3184-82 projects this downward 180 tics minimum, 210 tics (+) maximum based off an ‘ok formed’ formation. We have attained 361 tics of this so far. The decent trade below 2922 projects this downward 470 tics but will require a 3041 stop. We have seen 101 tics of this so far. Trade above 2922-44 brought in 68 tics of the short covering warned about above within the bearishness.

On a shorter-term basis: The decent trade below 3301-299 has brought in 478 tics of pressure so far. The maintained gap lower on 11/3 also warned of additional pressure, likely for days.

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

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