Natural gas is bullish unless we fail formation 1/19/22
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
On a macro basis: The trade above 2661 (-.5 of a tic per/hour) brought in 3805 tics of higher trade. I noted the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general—we have seen 3687 tics of this. All the above are ON HOLD.
On a shorter-term basis: The trade below 5186 (+4 tics per/hour) brought in 1574 tics of the pressure warned about below so far. This is ON HOLD. The decent trade above 3857(-1 tic per/hour) warned of decent strength, likely for 500-600 tics (+).We have attained 1022 tics of this before rolling over. The near maintained gap higher on 1/10/22 left a significant bullish reversal below that also warned of higher trade for days/weeks—we saw 830 tics from the 1/10/22 close before rolling over. Decent trade below 4312 (+2.5 tics per/hour starting at 8:00am) should bring in decent pressure. Decent trade above 4768 (-1 tic per/hour starting at 8:00am) will project this upward 680 tics minimum, 1900 tics (+) maximum. Today has a good likelihood of seeing range expansion. CLICK HERE FOR FULL ARTICLE.
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