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On a macro basis: I cautioned on 8/16/18 the break back above $1,179.7-$1,183.7 warned of renewed strength. We have seen $612.4 of this. The break above $1,347.0 projects this upward $80 minimum, $320 (+) maximum. We have attained $448.6 of this so far.

On a shorter-term basis: I warned there was a formation that came in at $1,775.9-$1,775.7, a decent break below which should bring in decent pressure and put bull calls on hold—we saw $21.7 of this before short covering back above the $1,769.5 (+1 tic per/hour) line, negating the pressure bias. The decent trade above $1,747.9-$1,748.1 projects this upward $26 minimum, $80 (+) maximum. We attained $48 of this before backing off the high and being put on hold. This is now OFF HOLD. I would be aware however, that once we take out $1,796.1, we will likely be in the final stretch of the bull trend from $1,671.7 on a lower timeframe, and also a higher timeframe from much lower—so I would be monitoring exhaustion levels above, and a break above and settlement back below $1,796.1 as an early termination. Decent trade below $1,764.9 (+2 tics per/hour starting at 8:20am) will project this downward $29 minimum, $54 (+) maximum; but if we break below here decently and back above decently, look for decent short covering.

NOTE: this is just a small portion of the market calls I provide my clients twice daily in the Gold and Energy complex. 'Decent penetrations' are specific amounts and 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. Information provided in this newsletter is not to be deemed as an offer or solicitation with respect to the sale of purchase of any securities or commodities. Any copy, reprint, broadcast or distribution of this report of any kind is strictly prohibited without the express written consent of Michael Moor. Michael Moor may execute transactions in a proprietary trading account that may be consistent or inconsistent with the contents of the newsletter. The content, statements, and viewpoints expressed in this publication are those of Michael Moor solely in his individual capacity and are not attributable to any person or entity other than Michael Moor

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