Natural gas is projected higher 10/5/22
On a macro basis: The trade above 2661 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. 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 decent trade above 4962 projects this upward 200 tics minimum, 740 tics maximum—we rallied 4702 tics.
On a shorter-term basis: The failure back below 8440 has brought in 2135 tics of pressure. We left a minor bearish reversal above on 9/15. The trade below 8208 warned of decent pressure. We have attained 1903 tics so far. The trade below 6765 warned of decent pressure--we attained 460 tics. These are ON HOLD. The break back above 6562-6599 has brought in some of the short covering warned about, and also warns we are likely in a lower timeframe bullish correction against the move down from 9292.
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. Commodities trading involves a substantial degree of risk and may not be suitable for all investors. Michael Moor does not guarantee profits and is not responsible for any trading losses of subscribers. No representation is made, stated or implied, that any investor will achieve results, profits, or losses, even remotely similar to hypothetical results. Past performance is by no means indicative of future results.
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