On a macro basis: The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum. We attained 893 tics so far. The decent failure back below 2267 has brought in 750 tics of pressure. These rolled into the September contract and are ON HOLD.
On a shorter-term basis: The decent trade above 1748 has brought in 123 tics of strength above,. However, this may be starting into a lower time frame bearish correction against the move up from 1646 before (if) resuming higher trade. Areas of possible exhaustion for that correction come in at 1785-74, 1758, 1732-30, and lower.
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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