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Contributed Commentaries

Natural gas is projected higher 3/24/22

Moor Analytics

Kitco Commentaries | Opinions, Ideas and Markets Talk

Featuring views and opinions written by market professionals, not staff journalists.

Commentaries & Views

On a macro basis: The decent 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. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 3399 tics from 3067 so far.

On a shorter-term basis: On 2/15 we left a moderate bullish formation below that warned of higher trade for days—we saw 758 tics from the 4572 close. The decent trade above 4926 (-1 tic per/hour) projects this upward 200 tics minimum, 790 tics (+) maximum. The break above 5047 also projects this upward 1780 tics (+). This will come in at 5023 today. If we break back below solidly, look for solid pressure. CLICK HERE FOR FULL BLOG. 

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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By Moor Analytics

Contributing to kitco.com

Contact mike@moor-analytics.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.