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Natural Gas is Bearish 10/20/21


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. NOTE: on a very macro basis, the break above 4904 projects this upward $3.38, which could take roughly 14 months to attain. Trade at 4058 would negate this projection. ALL OF THE ABOVE ARE ON HOLD. On 10/18 we left a significant bearish reversal above that warns of lower trade for days/weeks. Decent trade above 5402 will negate this and warn of renewed strength toward the recent highs (+).


On a shorter-term basis: We basically held exhaustion at the low with a 3751 low and bounced 2715 tics into a lower time frame bullish trend. The decent trade above 3930 (-1 tic per/hour) projects this upward 50 tics minimum, 175 tics (+) maximum. We attained 2536 tics. These ARE ON HOLD. The decent trade below 5917 (+5 tics per/hour) projects this downward 475 tics minimum, 695 tics (+) maximum. We have attained 1092 tics. The decent trade below 5600 has brought in 775 tics of the pressure we are now looking for below. The decent trade below 5370 (+1.5 tics per/hour) has brought in 545 tics of pressure so far. Decent trade above 5138 (+.7 of a tics per/hour starting at 9:00am) should bring in decent strength and I would be out of all shorts for the time being.


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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