On a macro basis:The solid trade below 2410 projected this downward 400 tics minimum, 750 tics (+) maximum.We attained 893 tics so far.The decent trade below 2172 (+1 tic per/hour) has brought in 655 tics of pressure.The negation of the medium- term bullish reversal left on 7/6 warns of pressure. Decent trade back above 1724-23 will negate the pressure bias.
On a shorter-term basis:Decent trade above 1760-67 (-.7 of a tic per/hour starting at 9:00am) will project this upward 90 tics minimum, 130 tics (+) maximum; but if we break above here decently and back below decently, look for decent pressure to come in. Today has a decent likelihood of being a range expansion day.
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