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Natural Gas is Poised for Short Covering 12/20/21


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. The trade above 2896 (+.5 of a tic per/hour) brought in 3570 tics of the continued strength we were looking for above. We held exhaustion at 2910-894 with a 2914 low and rallied for 3552 tics. 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. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 3357 tics of this. The decent trade above 3304 (+1 tic per/hour) brought in 3162 tics of strength. All the above are ON HOLD.


On a shorter-term basis: The decent trade below 5186 (+4 tics per/hour) has brought in 1556 tics of the pressure warned about below so far. The decent break below 4833 (-2.8 tics per/hour) warned of further pressure—we have seen 1102 tics of this so far. The maintained gap lower on 11/29 left a minor bearish reversal above. The decent trade below 3847 (+1.5 tics per/hour) brought in 208 tics of the pressure warned about. These are ON HOLD. The decent trade above 3752 (+.6 of a tic per/hour) warns of decent strength. Decent trade above 3896 (-1.5 tics per/hour starting at 8:00am) should bring in continued 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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