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Natural Gas May be in Last Stretch of This Bear Move 6/28/22


On a macro basis: The trade above 2661 (-.5 of a tic per/hour) brought in 7003 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 6597 tics from 3067 so far. The trade above 3108-09 attained 6555 tics. All of the above are ON HOLD.


On a shorter-term basis: On 2/15 we left a moderate bullish formation below that warned of higher trade for days—we saw 5092 tics from the 4572 close. The trade above 5918 (+1.5 tics per/hour) warned of decent strength. We have seen 3746 tics so far. All of the above are ON HOLD. We are now in a bearish correction/trend. The failure below 7010 warns we are likely in the last stretch of the move down from 9645--if we break/settle back above 7010 this would warn of a bullish correction/trend against the move down from the highs. Decent trade back above 6691 (+1.3 tics per/hour starting at 8:00am) will warn of decent short covering.


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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