On a macro basis: The decent trade above 2058 projects this upward 140 tics minimum, 380 tics (+) maximum. We have attained 685 tics of this. The solid penetration above 2588 projects this upward 885 tics (+) but requires a 2365 stop. We have seen 155 tics of this so far.
On a shorter-term basis: The decent trade above 1815 brought in 928 tics of strength above. I warned we were likely in the later stages of a bull structure within a larger bull structure, and there was possible exhaustion above at 2706-741—we held this on 8/27 with a 2743 high and rolled over 328 tics. However, the decent trade above 2520 (-1.6 tics per/hour) warns the bearish correction may be over—trade above 2605-16 should give this added credibility. If we break back below where this comes in at 2455 (-1.6 tics per/hour starting at 9:00am) decently, look for decent pressure to back in and put the macro bull calls on hold again.
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. 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