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Natural Gas is in Consolidation Within Bearishness 1/25/22


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. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 3399 tics from 3067 so far. All the above roll into the March contract and are ON HOLD.


On a shorter-term basis: The trade below 5186 (+4 tics per/hour) brought in 1574 tics of the pressure warned about below so far. This rolls into (H).The decent trade below 4095 (+2.5 tics per/hour) has brought in 466 tics of the decent pressure we are looking for below. Decent trade above 4114-35 (-1 tic per/hour starting at 7:00am) will project this upward 520 tics minimum, 1500 tics (+) maximum; but if we break below here decently and back above decently, look for decent short covering. There is a minor formation coming in below at 3774 (+2.3 tics per/hour starting at 7:00am), a decent break below which will warn of continued pressure, but I will stop short of suggesting leaning against it as a short. There is also a minor formation coming in above at 3848 (-2.5 tics per/hour starting at 7:00am), a decent trade above which will warn of higher trade, but I will stop short of suggesting leaning against it as a long. Both of these however, I would fade if we fail.


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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