Natural Gas Still Projected Higher 8/7/20
On a macro basis:The decent trade above 1919 projects this upward 140 tics minimum, 400 tics (+) maximum.We have attained 376 tics of this.If we break back below decently, look for decent pressure to come in—this will come in at 1907-04 today.
On a shorter-term basis:The decent trade above 1748 brought in 547 tics of strength above. The fact we broke below 2163 and back above warns of renewed strength coming out of the gate.
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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