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Natural Gas is Overall Bullish, but Watch Possible Exhaustion Levels Above 9/2/21


On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 2031 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 1913 tics of this. The trade above 2896 (+.5 of a tic per/hour) brought in 1797 tics of the continued strength we were looking for above. We held exhaustion at 2910-894 with a 2914 low and rallied for 1778 tics. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 1627 tics so far. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 1583 tics of this. The decent trade above 3304 (+1 tic per/hour) brought in 1411 tics of strength. The decent trade above 3712 (-.5 of a tic per/hour) warned of renewed strength. We have attained 980 tics of this. We have seen 723 tics of the strength warned about from 3969.


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 723 tics. NOTE: I CAUTIONED we may now be nearing the end of the last stretch of the structure upward from the lows in February 2020, and I warned of possible exhaustion levels at 4495-522, 4955-98, and higher—we held the lower of these with a 4526 high and rolled over 311 tics before taking it out yesterday—opening the upside to a run for the next higher.


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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