On a macro basis: The decent trade above 2661 (-.5 of a tic per/hour) brought in 2989 tics of higher trade. I noted the week of April 26th we also broke back above a significant formation on the Weekly charts at 2779 that warned of continued strength in general—we have seen 2850 tics of this. The trade above 2896 (+.5 of a tic per/hour) brought in 2734 tics of the continued strength we were looking for above. We held exhaustion at 2910-894 with a 2914 low and rallied for 2715 tics. We left a medium-term bullish reversal below on 6/1 that warned of renewed strength for days/weeks. We have seen 2564 tics so far. The decent trade above 3108-09 projects this upward 85 tics minimum, 210 tics (+) maximum. We attained 2520 tics of this. The decent trade above 3304 (+1 tic per/hour) brought in 2348 tics of strength. The decent trade above 3712 (-.5 of a tic per/hour) warned of renewed strength. We have attained 1917 tics of this. We have seen 1660 tics of the strength warned about from 3969. These are ON HOLD.
On a shorter-term basis: We basically held exhaustion at the low with a 3751 low and bounced into a lower time frame bullish trend. The decent trade above 3930 (-1 tic per/hour) projects this upward 50 tics minimum, 175 tics (+) maximum. We attained 1699 tics. These are ON HOLD. The decent trade below 5339 (+4 per/hour) warn of decent pressure. We have seen 419 tics so far. If we break back above decently, look for decent strength to come in. This will come in at 5444 (+3.5 per/hour starting at 9:00am).
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