Natural gas is bullish 4/18/22
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 4897 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 4779 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 4491 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 2986 tics from the 4572 close. The decent trade above 4962 (-1 tic per/hour) projects this upward 200 tics minimum, 740 tics (+) maximum—we rallied 2596 tics. The decent trade above 5918 (+1.5 tics per/hour) warned of decent strength. We have seen 1640 tics so far. The decent trade above 7264 (+6 tics per/hour) warns of continued higher trade; but if we fail back below decently, look for decent pressure. This will come in at 7345 (+6 tics per/hour starting at 8:00am). 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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