Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.

A Head Fake in Natural Gas?


A larger than expected build in Natural Gas inventories (+105 vs. expected +99 BCF) initially spiked prices to a new low at 4.289 for the downleg that started at the April 30 recovery high at 4.851.

However, that is where buyers emerged, who have rocketed nearby Natural Gas into positive territory, and 4.2% above the intraday low.

Right now, today's action-- bad news creating a buying opportunity-- has the makings of a key upside-reversal day, which also could be considered the second coordinate of a larger-developing major double-bottom formation within the Feb-May base pattern.

Let's see if Natural Gas can hold its gains into today's final two hours of trading.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!