Natural Gas Still Projected Higher 8/5/20
On a macro basis:The decent trade above 1919 projects this upward 140 tics minimum, 400 tics (+) maximum.We have attained 347 tics of this.If we break back below decently, look for decent pressure to come in—this will come in at 1913-12 today.
On a shorter-term basis:The decent trade above 1748 brought in 518 tics of strength above. I cautioned there was an area of possible exhaustion to contend with at 1791-88. We basically held this with a 1781 low and rallied 485 tics.We are called 57 tics higher as of 6:24am.
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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