On a macro basis:The decent trade below 2940-48 (+1 tic per/hour) warns of pressure. We have seen 125 tics of this so far.Decent trade back above where this comes in at 2987-98 (+1 tic per/hour starting at 9:00am) should bring in decent renewed strength.Decent trade above 3067 (+.4 of a tic per/hour starting at 9:00am) will project this upward 185 tics (+).
On a shorter-term basis:We are called 26 tics lower—a sign of weakness coming out of the gate given recent structure.Today has a good likelihood of seeing range expansion.
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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