Natural Gas Under Pressure on the Day. 11/2/20
On a macro basis:The 3485 high in the (F) was taken out Sunday night, but we rolled back over and failed again.Decent trade back below 3408 (-.5 of a tic per/hour starting at 9:00am) should bring in continued pressure in (F).We came short of seeing a decent trade above 3349-50 in the (Z); the failure back below now has this under pressure.Decent trade below 3180-79 will project this downward 190 tics minimum, 220 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in.
On a shorter-term basis:Decent trade below 3301-2999 should bring in further pressure.We are called 67 tics lower as of 5:26am.
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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