On a macro basis: The failure back below 3298 brought in 829 tics of pressure. The decent trade below 3414 brought in 758 tics of pressure. The decent trade below 3414 brought in 642 tics of pressure. The maintained gap lower on 11/3 also warned of additional pressure, likely for days. We have seen 601 tics. These are ON HOLD.
On a shorter-term basis: I cautioned we held a last area of possible exhaustion on the way down at 2662-53 with a 2656 low and rallied 346 tics. On 11/24 we left a short-term bullish reversal below. We have seen 127 tics so far. These too are now ON HOLD. The failure below 2953 (+2 tics per/hour) brought in 130 tics of pressure before short covering off the low. I would keep in mind this was a minor pattern, and we have not failed the bullish reversal below which is currently on hold. Decent trade back below 2834 is needed to further negate that and warn of a further run toward 2660 (-). Decent trade above 2990-91 will project this upward 120 tics minimum, 340 tics maximum.
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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