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Natural Gas is Bullish, but Approaching Possible Exhaustion Levels... 8/27/21


On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 1625 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 1507 tics of this. The trade above 2896 (+.5 of a tic per/hour) brought in 1391 tics of the continued strength we were looking for above. We held exhaustion at 2910-894 with a 2914 low and rallied for 1372 tics. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 1221 tics so far. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 1177 tics of this. The decent trade above 3304 (+1 tic per/hour) brought in 1005 tics of strength. The decent trade above 3712 (-.5 of a tic per/hour) warned of renewed strength. We have attained 574 tics of this. We have seen 317 tics of the strength warned about from 3969.These are OFF HOLD.


On a shorter-term basis: We basically held exhaustion at the low with a 3751 low and bounced 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 91 tics of this before rolling over and bouncing off the line again to attain 317 tics. NOTE: I would CAUTION we may now be nearing the end of the last stretch of the structure upward from the lows in February 2020, and I would be wary of possible exhaustion levels at 4495-522, 4955-98, and higher—one of which could bring in a bearish correction exceeding 460 tics. Also, a settlement back below the 4211-163 general area will warn of an early termination and likely start to a bear correction/trend—although I think we will have higher trade to maybe test the lower exhaustion level as we just broke back above the 4177 line which warns of higher trade.


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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