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Natural Gas Still Bullish, but Approaching Possible Exhaustion 8/19/20

On a macro basis: The decent trade above 1919 projects this upward 140 tics minimum, 380 tics (+) maximum. We have attained 557 tics of this. Solid penetration above 2481 will project this upward 890 tics (+) but will require a 2255 stop.

On a shorter-term basis: The decent trade above 1748 brought in 728 tics of strength above. I warned there are areas of possible exhaustion on the upside now to be aware of for the move up from 1646 that come in at 2479-99, 2606, and 2709-46. A close back below 2284-76 will warn of a termination of this bull structure and continuance of a bearish correction.

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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