On a macro basis: We are in a bull trend. The decent trade above 2661 (-.5 of a tic per/hour) brought in 708 tics of higher trade. We left a medium-term bullish reversal below on 6/1 that warns of renewed strength for days/weeks. We have seen 302 tics so far. The solid trade above 3228-54 projects this upward 780 tics minimum, 1900 tics (+) maximum. Trade back below where this comes in at 3250 by 110 tics will negate this. These are all OFF HOLD.
On a shorter-term basis: The decent trade above 3787-99 is starting to bring in some of the strength warned about above.
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