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Natural Gas is Bearish Within Overall Bullishness 10/18/21


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 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 above is ON HOLD. The decent trade below 5917 (+5 tics per/hour) projects this downward 475 tics minimum, 695 tics (+) maximum. We have attained 818 tics. The decent trade below 5600 negated the minor bullish reversal below and has brought in 501 tics of the pressure we are now looking for below. The decent trade below 5370 (+1.5 tics per/hour) has brought in 271 tics of pressure so far. Decent trade back above the line will warn of decent strength. This will come in at 5392 (+1.5 tics per/hour starting at 9:00am).


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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