On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 1544 tics of higher trade.
On a shorter-term basis: The negated bearish reversal warned of renewed strength—we have seen 236 tics from 3969. The decent trade above 4012 (-1 tic per/hour) projects this upward 85 tics minimum 500 tics (+) maximum. We have attained 193 tics of this so far. We held possible exhaustion at 4199 with a 4205 high and rolled over before rallying and rejecting off of it again. Trade below 4098-97 will warn of pressure; but if we break below here and back above, look for short covering. Decent trade below 4038 (+1.1 tics per/hour starting at 9:00am) will project this downward 250 tics minimum, 410 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering to come in. A maintained gap lower will leave a short-term bearish reversal above. Decent trade above 4175 (-.5 of a tic per/hour starting at 9:00am) should bring in decent strength.
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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