NATURAL GAS STILL OVERALL BEARISH 6/23/20
On a macro basis: The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum. We attained 889 tics so far (in former contracts, and rolled into (N)). The decent failure back below 2267 has brought in 670 tics of pressure.
On a shorter-term basis: The decent trade below 2172 (+1 tic per/hour) has brought in 572 tics of pressure. The decent trade below 1854-51 warned of decent pressure. We have seen 251 tics of this. Decent trade above 1739 (-.5 of a tic per/hour starting at 9:00am) will project this upward 200 tics (+); but if we break above here decently and back below decently, look for decent pressure to come in.
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.
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